Sunday, May 07, 2006
Out of Control
Oil won't crash. The Dollar has. Bush won't stop spending my money. Where will it end?
Housing has held to a small lost since this blog has began. The PE ratios have all gotten stronger. Though these next 3 quarters are where we will alll be sitting on the edge of our seats.
Predict often enough and wait long enough and you will be right.
Corporate earnings are at an all time high. With it are higher tax revenues and stronger wages and stronger employment numbers. WHEN WILL THE HIGHER TAX REVENUES BRING DOWN THE DOLLAR? WHEN WILL THE THE STRONGER WAGES BRING THE DEFAULT RATE ON MORTGAGES TO A ALL TIME LOW?
AND WHEN WILL THE BABY BOOMERS RETIRE AND MIGRATE?
Housing has fought hard against the doom and gloom news for a reason. At 1/3 the price of the S&P 500 the home builders are a bargin with a bright future.
I have traded in and out starting at $35 for Toll Brothers. I know own 12% more than what I start with at $30.85. Yes I'm down 1.2%. From here on out it is buy hold assuming no pop to $43 during the next 6 months.
The economic tide has turned it's course. Now for the good news to come.
Housing has held to a small lost since this blog has began. The PE ratios have all gotten stronger. Though these next 3 quarters are where we will alll be sitting on the edge of our seats.
Predict often enough and wait long enough and you will be right.
Corporate earnings are at an all time high. With it are higher tax revenues and stronger wages and stronger employment numbers. WHEN WILL THE HIGHER TAX REVENUES BRING DOWN THE DOLLAR? WHEN WILL THE THE STRONGER WAGES BRING THE DEFAULT RATE ON MORTGAGES TO A ALL TIME LOW?
AND WHEN WILL THE BABY BOOMERS RETIRE AND MIGRATE?
Housing has fought hard against the doom and gloom news for a reason. At 1/3 the price of the S&P 500 the home builders are a bargin with a bright future.
I have traded in and out starting at $35 for Toll Brothers. I know own 12% more than what I start with at $30.85. Yes I'm down 1.2%. From here on out it is buy hold assuming no pop to $43 during the next 6 months.
The economic tide has turned it's course. Now for the good news to come.
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