Posts filed under “Video”

Danielle Park: “Decoupling is a Buncha Bunk”

BNN interviews Danielle Park, portfolio manager, Venable Park Investment Counsel. I am having a hard time finding anything to disagree with her about!
(I am less bullish about the dollar as anything other than a short term
countertrend rally)

click for video
Decoupling_is_a_buncha_bunk

Danielle has some terrific quotes in this piece:

"Sell Strength"

"Canada sells rocks and trees"

"Secular Bear in stocks started in 2000, Cyclical Bull began 2002 – 07, Cyclical Bear began in 2007."

"Its a fundamentally different climate than ’82-99"

"You cant buy always you cant hold always"

"Ignore day-to-day gyrations, focus on weekly and monthly trends"

Who is this lady? Why don’t we have more strategist like this in the US? She’s terrific!


Related:
Danielle Park’s Juggling Dyamite
http://www.jugglingdynamite.com/

Category: Economy, Investing, Markets, Psychology, Video

NY Gov. David Patterson on the State’s Economic Emergency

NY State could face its worst hardship since the Great Depression, warns NY Governor David Patterson

click for video
Gov_patterson

Category: Economy, Video

NY Gov. David Patterson on the State’s Economic Emergency

NY State could face its worst hardship since the Great Depression, warns NY Governor David Patterson

click for video
Gov_patterson

Category: Economy, Video

A Bottom in Housing? You’ve Got to Be Kidding!

I have an interesting discussion on Housing later this week, but for now, let’s look at this Yahoo video n another bottom call in Housing.  (Note that the charts discussed are linked below)

Here are the relevant charts regarding Home Sale and Rental ratios, as well as Median Income and Home prices.

Charts:

Median New Home Prices vs Median Household Disposable Income
http://www.comstockfunds.com/files/NLPP00000/312.pdf

Home Price Appreciation vs CPI – Rent
http://www.comstockfunds.com/files/NLPP00000/313.pdf

   

Previously:
Revisiting Housing Seasonality & the Perennial Bottom Callers (July 1008)
http://bigpicture.typepad.com/comments/2008/07/revisiting-seas.html

Source:

A Bottom in Housing? You’ve Got to Be Kidding
 
Henry Blodget
Yahoo Tech Ticker Aug 13, 2008 07:30am EDT
http://finance.yahoo.com/tech-ticker/article/47438/A-Bottom-in-Housing-You’ve-Got-to-Be-Kidding

Category: Real Estate, Video

A Bottom in Housing? You’ve Got to Be Kidding!

I have an interesting discussion on Housing later this week, but for now, let’s look at this Yahoo video n another bottom call in Housing.  (Note that the charts discussed are linked below)

Here are the relevant charts regarding Home Sale and Rental ratios, as well as Median Income and Home prices.

Charts:

Median New Home Prices vs Median Household Disposable Income
http://www.comstockfunds.com/files/NLPP00000/312.pdf

Home Price Appreciation vs CPI – Rent
http://www.comstockfunds.com/files/NLPP00000/313.pdf

   

Previously:
Revisiting Housing Seasonality & the Perennial Bottom Callers (July 1008)
http://bigpicture.typepad.com/comments/2008/07/revisiting-seas.html

Source:

A Bottom in Housing? You’ve Got to Be Kidding
 
Henry Blodget
Yahoo Tech Ticker Aug 13, 2008 07:30am EDT
http://finance.yahoo.com/tech-ticker/article/47438/A-Bottom-in-Housing-You’ve-Got-to-Be-Kidding

Category: Real Estate, Video

Home Builders: Approaching a Bottom ?

Seiders seems to be rather reasonable, he is looking for modest starts tomorrow.

click for video
Seiders

Note that he actually is looking for starts to stay low to help eliminate supply — compare his level of honesty and suitable caution versus NAR . . .

Excerpt from Bloomberg:

Confidence among U.S. homebuilders was unchanged in August at a record low, signaling there is no relief in sight from the worst housing slump in a quarter century.

The National Association of Homebuilders/Wells Fargo sentiment index held at 16 for a second month, the Washington- based group said today. Readings under 50 mean most respondents view conditions as poor.

Builders are delaying projects as sales drop, foreclosures throw more houses on the market and prices tumble. Job losses, stricter lending rules and growing buyer pessimism indicate builders will need to cut prices further to stimulate demand.

Little Traffic

The NAHB index of buyer traffic was unchanged at a record low of 12 for a second month. The measure represents the number of prospective buyers visiting properties.

The increase in two of the three components "may be an indication that we are nearing the bottom of the long downswing in new-home sales,” said NAHB Chief Economist David Seiders in a statement. "Our current forecast shows stabilization of sales during the second half of this year, followed by solid recovery in 2009 and beyond.”

Sentiment improved in two of four regions. It rose to 16 from 14 in the Northeast, and to 14 from 10 in the Midwest. The index was unchanged at 20 in the South and fell to 11 from 14 in the West.

Other housing measures continue to show weakness. Total single-family home sales in June were down 37 percent from a peak reached in July 2005, the biggest drop since 1982. Home prices in 20 U.S. metropolitan areas fell 15.8 percent in May from a year earlier, the biggest decline since records began seven years ago.

Source:
US Builder Confidence Index Unchanged at Record Low
Bob Willis
Bloomberg Aug. 18 2008

http://www.bloomberg.com/apps/news?pid=20601103&sid=au3prho3Jrpw&

Category: Real Estate, Video

A Year of Subprime Turmoil

Click for video
Year_of_subprime_turmoil

Source:
International Herald Tribune
http://www.iht.com/multimedia/audioslideshow/2008/08/12/business/archive/index.html

Category: Credit, Derivatives, Economy, Real Estate, Video

Sold to Fortress Vultures at 12 Cents ?

This is hysterical

I found the line "I’m standing on Goldman’s Trading Floor Now" spoken in German by Hitler’s aide drenched in nearly cringe-worthy irony  . . .

The Spiral, part II

via Going Private

Category: Credit, Derivatives, Video

The Battle Over the Bottom in Financials

Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . .

 

Note: I have a great deal of respect for Tom Brown — like Dick Bove, another smart guy I hate being on the opposite side of a trade from — but he has simply been way too early in his bottom calls.

Source:
Street Fight: Analysts Battle Over the Bottom in Financials
Henry Blodget
Yahoo, August 12, 2008
http://finance.yahoo.com/tech-ticker/article/47121/Street-Fight-Analysts-Battle-Over-the-Bottom-in-Financials

See also:
RBS slumps to one of biggest losses in UK banking history
Angela Monaghan
Telegraph, 10:35am BST 08/08/20081
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/08/bcnrbs208.xml

Wachovia boosts loss to $9.11 bln, cuts more jobs
Jonathan Stempel
Reuters Aug 11, 2008 7:02pm EDT
http://www.reuters.com/article/newsOne/idUSN1139894220080811

Michael Price Shorts Citigroup, Sees Few Banks to Buy   
Jeff Kearns
Bloomberg, Aug. 12 2008
http://www.bloomberg.com/apps/news?pid=20601213&sid=a57Gqx3lxcc4&

 

Category: Corporate Management, Credit, Derivatives, Valuation, Video

Credit Crisis ‘Only Now Beginning’

David Goldman, a portfolio strategist at Asteri Capital, talks about the outlook for the U.S. financial-services industry, the impact of the hedge-fund model on market volatility and his investment advice.

>
Click for audio
Bloomberg

>
00:00 U.S. economy, consumers, savings
01:24 Hedge-fund model, volatility, "catastrophe"
04:10 Banking volatility, credit crisis outlook
08:20 Hedge fund vs. private equity model: AIG
09:55 Merrill’s balance sheet; mortgage securities
12:42 Off-balance-sheet entities; bank solvencies
15:59 Outlook for banking illiquidity, hedge funds
18:06 Expense to tax payers; investment advice

Running time 20:03

>

Source:
Asteri’s Goldman Says Credit Crisis `Only Now Beginning’: Audio
Bloomberg, August 13, 2008 19:24 EDT

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKQ5ONwezIsY

Category: Credit, Derivatives, Economy, Video