SHORTS ON HIGH VOLUME

[Alechko]

Warren: Housing Market Getting Worse
Posted Oct 16, 2009 12:11pm EDT by Aaron Task in Recession, Banking, Housing

There's been a lot of talk lately about a recovery in the housing market – even reports of bubbles re-inflating in certain markets.

Elizabeth Warren, chair of the Congressional Oversight Panel, isn't buying it.

"We see things getting worse in the housing market," Warren says, citing the pernicious effects of foreclosures, which rose 5% in the third quarter to a total of 937,840, according to RealtyTrac.

"The long-term impact of high foreclosure rates on our housing market and overall economy would be disastrous," Warren warns, citing estimates that 10 to 12 million U.S. homes could ultimately go into foreclosure. "We have to get foreclosures under control."

Why the sense of urgency? A single foreclosure property brings prices down an average of $5000 for every house in a two-block radius and costs investors an average of $120,000, she says.

In its most recent report, Warren's panel criticized the Treasury's foreclosure modification efforts as "inadequate" and "targeted at the housing crisis as it existed six months ago, rather than as it exits right now."

Specifically, the Treasury program is targeted at subprime borrowers hit with ballooning mortgage payments vs. prime borrowers hit by job losses. As for the "morality question" of whether the government should be bailing out homeowners, Warren says "I'm passed that," noting "there's plenty of unfairness to go around."

[Alechko]

Dent: Big Crash Coming, Stick With Cash

http://moneynews.newsmax.com/headlin...19/273853.html

[Alechko]

So...HOW BAD OFF IS THE ECONOMY CURRENTLY? HERE'S A HUMOROUS AND THEN A SERIOUS GROUP OF ANSWERS.

The economy is so bad that I got a pre-declined credit card in the mail.

It's so bad, I ordered a burger at McDonnell's and the kid behind the counter asked, "Can you afford fries with that?"

The economy is so bad that CEO's are now playing miniature golf.

The economy is so bad if the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.

The economy is so bad Hot Wheels and Matchbox stocks are trading higher than GM.

The economy is so bad McDonnell's is selling the 1/4 ouncer.

The economy is so bad parents in Beverly Hills fired their nannies and learned their children's names.

The economy is so bad a truckload of Americans was caught sneaking into Mexico .

The economy is so bad Dick Cheney took his stockbroker hunting.

The economy is so bad Motel Six won't leave the light on anymore.

The economy is so bad the Mafia is laying off judges.

The economy is so bad Exxon-Mobil laid off 25 Congressmen.

And finally...Congress says they are looking into this Bernard Madoff scandal.

:grum:

http://www.istockanalyst.com/article...icleid/3559981

[Vinn]

Dent: Big Crash Coming, Stick With Cash

http://moneynews.newsmax.com/headlin...19/273853.html

чтоб не впадать в панику:

1. $14 trillion consumer debt сравним с месячным $12.5 trillion personal income.
2. U.S. Savings Rate at Highest Point in 15 Years

этот кэш может скоро из ушей полезет, а автор статьи лохов разводит?

[Alechko]

чтоб не впадать в панику:

1. $14 trillion consumer debt сравним с месячным $12.5 trillion personal income.
2. U.S. Savings Rate at Highest Point in 15 Years

этот кэш может скоро из ушей полезет, а автор статьи лохов разводит?

такое соотношение debt/ income or debt/ GDP (270%) было в 30-х vs current 300%, ну и ладно история покажет


PS а то что MONTHLY personal income - $12.5T almost the same as YEARLY GDP $14.3T... :grum: (Yearly personal income is 1000% of GDP)

[Alechko]

NewMarket Technology, Inc. Update on Dividends and National Exchange Listing Includes Answers on Recent Contracts and Issued and Outstanding Questions

0.27$ pps

http://www.newmarkettechnology.com/n...20090917_2.htm

DALLAS, TX--(Marketwire - September 17, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) has released the previously announced on-demand Webcast discussing progress made year-to-date and next steps towards aligning the Company's operational and financial performance with the market share price. Management believes the Company is currently undervalued and has previously announced a near-term goal to realize a suggested fair value target price per share of $1.00 and as high as $2.50.

Since 2002, NewMarket operations have expanded from reporting approximately $1 million in annual revenue to over $95 million in revenue in 2008. The Company has reported over $43 million in profitable revenue for the first six months of 2009. Historically reporting increased revenues in the second half of the year, the Company has set a $100 million profitable revenue forecast for 2009.

NewMarket Dividend and Upgraded Listing Webcast

The Webcast covers the previously announced dividend plan and the Company's plan to upgrade its public listing to the OTCQX. The move to the OTCQX (www.otcqx.com) is considered a first step toward a NASDAQ or NYSE listing for the Company. NewMarket is already a fully-reporting public company with audited financial reports filed with the SEC.

Additional progress updates include the Company's Greenfield program and milestone successes toward improving its recurring revenue base through garnering longer-term service contracts. This year, the Company has already announced an approximate $65 million in new sales contracts to include a $30 million contract signed with Beijing Chuangzhitongda Technology Development and a $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A.

A link to the Webcast titled 'NewMarket Dividend and Upgraded Listing Webcast' is available on both the corporate website homepage and investor relations page at www.newmarkettechnology.com.

[Alechko]

[Alechko]

[смешно]

Мнда...куда бы кэш вложить...? вот вопрос.

[Vinn]

Мнда...куда бы кэш вложить...? вот вопрос.

в железнодорожный транспорт.
следи за правильными инвесторами