Only 100,000 homes foreclosed in August and the stock market is going up. Go figure!
According to Realtytrac this is highest number since they began keeping track of foreclosures in 2005. July’s repossession number was the second highest on record. The last highest was 93,777 in May of 2010. As I stated in one of my [...]
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My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following.
Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.
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The now famous economic guru of our time Joseph Stiglitz has proclaimed the world economy has not crashed. BUTTTTTTTTTTTTTTTTג€¦ Stiglitz has repeatedly stated that the US has failed to fix the underlying problems in the banking system. Stiglitz has stated the concept of banks ג€ Too big to failג€ have only gotten bigger. So far we have not seen anything like the stock market crash of 1929. The stock market crash of 2008 has been unforgiving. Did we just experience a Bear Market Rally? Is the SP running out of gas? Intel Corp said it faces a ג€fragileג€ economy. J.P. Morgan Chase & Co., Wells Fargo & Co., Fannie Mae and Freddie Mac all are stepping up foreclosures on delinquent homeowners. So much for the Obama administration’s housing-rescue plan. Will the unemployment rate exceed 10%? The volatility has been great, stock investing has been tough. Is there another Black Tuesday lurking on the horizon? |
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