May 27, 2009 –
April existing home sales rise by 2.9 percent! Existing, US home sales post 2.9 pct monthly increase in April as buyers snap up bargains. This is the headline for an article today at yahoo finance written by Alan Zibel, AP Real Estate Writer.
Real estate sales always rise in the spring so a month to month increase in sales is to be expected. This “news” was deemed to be more pertinent then the other information in the article. [more]
May 25, 2009 –
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RELATED TICKERS: CAR
, MA
Last year Porsche attempted a vicious short squeeze on Volkswagen which resulted in Volkswagen momentarily having the world’s largst market capitalization. Many who were on the short side of the trade got wiped out including the “German Warren Buffet,” Adolf Merckle who subsequently committed suicide. [more]
November 26, 2008 –
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RELATED TICKERS: CFC
, BSC
, LEH
Those who thought real estate would go up forever were not thinking at all, they were "just following orders." [more]
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