I have seen the argument made that once housing prices reach the long term trend they will stop falling. I don't understand the stupidity of some people.
By definition the trend is in the middle. If it was the bottom then it wouldn't be the trend it would be the bottom and the trend would be higher.
I'm rereading "Margin of Safety" and came accross a great explanation of the difference between investing and speculating. [more]
Just finished a paper on cyclicality of university/college with regards to the business cycle. Used a 10 year data set with ~12,000 people aged 16-25. Turns out that in Canada, just like the united states, when unemployment rises by 1% school enrollment increasess by 0.8% [more]
It has been shown that shorting all leveraged etf's will over the long term provide you with a positive score and accuracy points for all picks. It is not however the best way to use those tickers within CAPS. [more]
Since you are only allowed to make 200 picks in CAPS it is important to think of how to best make use of those picks. There are two main approaches that can be used to filling out your portfolio:
MICRO/BOTTOM UP APPROACH - This involves examining individual stocks to determine if they have been priced inneficiently by the stock market. This strategy basically involves researching companies and comparing their market price to their intrinsic valuation. Tough to do and very time consuming. [more]
The new funds are known as:
Apparently a chinese document got leaked on the internet from the president of NCTY saying that blizzard will no longer be using The9 to run World of Warcraft in China. There goes NCTY's main source of revenue.
I knew the retail environment was bad but wow, JOSB is offering 3 suits for the price of one. It is ugly out there.
We have already seen the impact of the internet on the music industry. As technology continues to improve we are starting to see the same impact on the movie industry. [more]
US retail sales were down 1.1% from feb. and 9.4% from last march: [more]
Time to close up any long positions you have and start thinking about getting short. The bear market rally is ending. I thought it might run long enough for goldman to issue its new share offering (tuesday?) but looks like we are headed back down again. [more]
I made a previous post about the problem with the scoring system encouraging people to keep losing picks open since they attempt to keep their accuracy high. http://caps.fool.com/Blogs/ViewPost.aspx?bpid=167106&t=01008169896868001586. It generated some useful discussion from some of the top players. [more]