Friday, May 03, 2013
Monday, April 29, 2013
Pending Home Sales Index
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.7 percent to 106.4 in November from a downwardly revised 104.6 in October
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.3 percent to 101.7 in December from 106.3 in November
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.5 percent to 105.7 in March from a downwardly revised 104.1 in February
How to lie with statistics as only the NAR can.
Sunday, April 28, 2013
Short Currencies GameSorry for the ugly post. Waiting on breakfast in Anaheim of all places. iPod posts don't lend to clever tables or alluring graphics.
Anyway I was reviewing the state of Europe and wondered about ETF sector performance and more importantly relative performance. Here's a table of currency ETFs:
A couple things pop out when you pair them.
YTD: double short Euro, Euro, double long Euro.
+1.63%, -3.50%, -3.00%
Currency exchange ETFs are obviously run by would be mortgage brokers who couldn't pass the ethics test.
Saturday, April 27, 2013
Preservation of Principle
UNITED STATES TREAS BDS
Anyway, the lesson? What goes up can come down. USTs are not preservation of principal.
Yes, the correct usage is principal and the title of this post uses principle. Think about the principles of any investment advisor recommending "safe as treasuries."
Fourteen Year Old TeaseOkay now that I have your attention, ;)
The "tease" is indeed 14 years old having been built in 1999 and the acreage is indeed rolling terrain but the price... oh my, the price.
The house in question is 5471 Locarno in Wrightwood.
And why the "tease?" Because it isn't an honest listing and the agent is completely lacking in ethics. Here's the listing history:
Apr 24, 2013 Price Changed $299,900
Mar 07, 2013 Price Changed $285,000
Nov 15, 2012 Listed (Active) $299,999
Jun 07, 2007 Sold (Public Records) $402,500
It should be noted that for the market it is nicely staged. Homey and settled in. The house is asking 50% more per square foot than the market supports. For some reason they increased the price despite claiming it is a regular listing. They spent 4 months at the original price, 4 weeks at the lower price and now are almost back to the price that sat for four months.