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Bird's Eye View: Friday, May 16, 2008
Posted on 05/16/2008 15:52:02 | Link | Post Comment
"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey
The Markets
Will the lies and mis-leading information ever stop? The answer is no. The stock market is a zero sum game. Somebody wins, and somebody loses. Unfortunately, those who follow the advice of some (not all) of the guests placed on financial TV, they will win, and you will lose.
Wednesday's news was the lies embedded in the CPI data. Yesterday, analysts began recommending Chipmakers and oil stocks.
I cannot make my views any plainer than this. Our economy is in a freefall, and as long as gas prices remain above $3.00 a gallon, consumers will zip up their pocketbooks.
Today's spin on housing starts is absolutely nauseating. The Commerce Department reported today that housing construction rose by 8.2 percent in April , but construction for single-family homes continued to weaken.
The rise in construction of 8.2% were for new apartments that are being built. Does this not set off a huge alarm bell in you mind? Why apartments? It's very simple. Housing is unaffordable, and the people who were once homeowners and have been foreclosed on need a place to live.
I have been looking at several apartment REIT's lately, and here are a few;
Camden Property Trust (CPT)- 5.32% yield
Apartment Investment and Management Company (AIV)- 5.92% yield
AvalonBay Communities (AVB)- 3.39% yield
EQUITY RESIDENTIAL (EQR)- 4.36% yield
Essex Property Trust (ESS)- 3.38% yield
United Dominion Realty Trust (UDR)- 5.25% yield
BRE Properties (BRE)- 4.34% yield
You may want to comb through the preferred stocks as well. You can search for them at Google Finance or at www.quantumonline.com.
Let's discuss oil for a moment.
- Get A Job, Any Job, To Pay The Rent!
- Countrywide Financial's Ceo Warns Investors
- What The Dell !
- Making Money From Consumer Fascinations
- Market, Economy, And Bernanke In A Catch 22
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- Don't Mess With Taxes
- Poor and Stupid
- Random Roger's Big Picture
- Calls and Leaps Trading
- The Boston Condo Blog
- The Boston Real Estate Blog
Examples
Morpheus Trading - Tue Sep 02, 2008 05:21AM
NOTE: Please click on the charts below to enlarge them [read more]
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Thu Sep 04, 2008 04:34AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Fri Sep 05, 2008 06:58AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]











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