Home Prices & REO's
Home Prices
Housing Starts
- Home prices are still falling like a rock
- More homes are coming on to the market, which will only bring prices down
- Large amount of REO's taking place and new homes still being build
- Lots more supply then demand
- Hard to buy a home if you do not have a job
- Keep in mind home prices are still falling even with all the money the fed is spending
- What will happy to home prices when interest rates go up?
- Time to shorting homebuilders soon?
Profit Margins
- Earnings have been very strong over the past year
- Much of this has been due to better profit margins
- Margins will start to feel the pain of higher oil prices
- If companies start ever hiring, margins will go down
- Market still could go higher into the summer but a top is near
SLV
- Hit the bottom line of the fork and holding
- Covered (20% in 4 days, do not be greedy)
- All commodities are falling due to the dollar
- Break $35 on the SLV would be very bearish
- Funny how thing can change so fast in a week
- All the down side in SLV, GLD, and the USO could be off set by QE3
