“The Federal Reserve lost $5.25 billion in the first quarter on the securities they acquired with last year’s bailouts of Bear Stearns and insurer AIG, according to a report issued Wednesday.”
- Reuters
“More than 600,000 seniors are delinquent in their mortgage payments, or already in foreclosure.” - USA Today
"The National Delinquency Survey from the Mortgage Bankers Association found foreclosure activity was at an all-time high in the first quarter of 2009, when the delinquency rate, which excludes homes already in the foreclosure process, hit 9.12%.”
- Newsmax.com
“The number of first-time claims for state unemployment benefits fell 24,000 to 601,000 in the week ending June 6th, the Labor Department reported Thursday.”
- MarkewWatch.com (Stated another way: “601,000 new people filed for unemployment, bringing the four-week average of continuing claims to a record 6.75 million people”)
- Bill Tatro
“U.S. sales of retail stores increased 0.5 % in May, but much of the seasonally adjusted increase reflected higher gasoline prices.” - U.S. Commerce Department
“Watches synchronized? Good. Because three weeks from today, the second-half of the year starts. That’s when the economic recovery is supposed to get underway, according to Bernanke, Geithner, Obama, Cramer, Kass, Kudlow, economists, money managers, and other associated pundits.” – MarketWatch.com
Once again, it’s lonely being on the other side of the argument.
Have a nice day.
Till next time,
Bill
>>>>>>>>>>>>>>>>>>>>>
A disclaimer: None of the content published on BillTatro.com constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the content published as part of BillTatro.com may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
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3 Years Ago I Did A Long Term Analysis of the Dow Jones Industrial Average From 1929 Through 2007 & Concluded That The Often Mentioned Rule Many "Investment Managers" Spoke of Concerning 10% Annualized Returns Over The Course Of A Multi Year Period Had Been Eclipsed Many Times Over. Remembering The Lessons Of The Nasdaq Bubble, The Japanese Nikei & Previous Historical Bubbles I Came To The Conclusion That Probabilities Suggested That At Some Point The American Stock Indexes Including The DOW & S&P 500 Would Very Likely Revert Back To Mean Annualized Returns. While I Also Concluded That This Is In No Way A Certainty & That Steep Rallies Could Very Easily Continue, I Have Invested Cautiously & Accordingly Since That Analysis. Listening To Your Insights On Tickerville With Your Son Quint Tatro in the Fathers Day Special I Realized That I Was Not Alone In These Thoughts & Conclusions. Very Good Work on The Tickerville Video & Good Trading To You!
Sincerely,
@chartingstock Via Twitter
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