I don't plan on doing much trading today. Not really seeing any opportunity to be involved in. What is needed is a good selloff, to get things interesting again.
Obamaâs Second Term Already Looks Like a Failure
- Thread starter JamesL
- Start date
Quote from RCG Trader:
You guys must be losing money today....again
http://www.elitetrader.com/vb/showthread.php?s=&threadid=254267&highlight=range
At least we have money to lose.
More money to lose is just that. More money to lose. A winning system can start with a penny, which you obviously do not have.
Existing Home Sales
"Highlights
"Supply of existing homes on the market is still low, which is a negative for sales but a big plus for prices. Sales for March came in at a 4.92 million rate, down 0.6 percent from February and below the Econoday consensus for a 5.030 million rate. Regional data in the month are flat and show little variation.
"Total supply at the March sales rate is 4.7 months which is up, but only slightly, from 4.6 months in February. Supply in March 2012 was 6.2 months. Only 30,000 units were added to inventory in the month, vs an average March increase of 100,000 units. A reduction in distressed properties, which made up 21 percent of the month's sales total from 25 percent in February, may be a factor limiting supply.
"Price data in this report are strong, especially for the median which is up 6.2 percent from February to $184,300. The year-on-year rate is at plus 11.8 percent for the strongest rate since the boom days of 2005. The average price shows less strength, at plus 1.8 percent in the month, which is still strong, for a year-on-year rate of plus 9.9 percent. Note that price data in this report are not based on repeat transactions which adds to their volatility.
"Rising prices should eventually bring more homes into the market which would be a plus for sales. And April historically is a big month for homes coming into the market, from a range of 200,000 to 300,000 in a gain that would lift supply to the 5.0 month area. But for March at least, supply was tight and sales were soft. The Dow is moving to opening lows in reaction to today's report."
The "shadow inventory" has failed to materialize.
"Highlights
"Supply of existing homes on the market is still low, which is a negative for sales but a big plus for prices. Sales for March came in at a 4.92 million rate, down 0.6 percent from February and below the Econoday consensus for a 5.030 million rate. Regional data in the month are flat and show little variation.
"Total supply at the March sales rate is 4.7 months which is up, but only slightly, from 4.6 months in February. Supply in March 2012 was 6.2 months. Only 30,000 units were added to inventory in the month, vs an average March increase of 100,000 units. A reduction in distressed properties, which made up 21 percent of the month's sales total from 25 percent in February, may be a factor limiting supply.
"Price data in this report are strong, especially for the median which is up 6.2 percent from February to $184,300. The year-on-year rate is at plus 11.8 percent for the strongest rate since the boom days of 2005. The average price shows less strength, at plus 1.8 percent in the month, which is still strong, for a year-on-year rate of plus 9.9 percent. Note that price data in this report are not based on repeat transactions which adds to their volatility.
"Rising prices should eventually bring more homes into the market which would be a plus for sales. And April historically is a big month for homes coming into the market, from a range of 200,000 to 300,000 in a gain that would lift supply to the 5.0 month area. But for March at least, supply was tight and sales were soft. The Dow is moving to opening lows in reaction to today's report."
The "shadow inventory" has failed to materialize.
He's the "head" nurse, and the male doctors just love him.Quote from pspr:
Lucrum doesn't have a penny??!!
Since you <u>make money every day</u> and obviously have doubled your $1 account hundreds of times so it is now in the $millions why are you still an enema nurse? Or is that the "head" nurse?
Actually, it's just FASB, nothing so sinister. Check FAS 157.
http://en.wikipedia.org/wiki/Mark-to-market_accounting
You're just in a trolling mood today, aren't you? I mean, more than usual.