UpDown Group - Mad Street Addict Money Fund

RE: anyone think housing might have hit the bottem?

Sun, 24 May 2009 11:12:48 EDT

Housing has not bottomed! Wait until unemployment bottoms first. There are additional resets coming that should push more families into the fray. In spite of Fed trying to make rates lower, many who need relief are not getting it from the banks (see recent drop in refi's). Historically the bottom won't happen until late third/early fourth quarter. The rates of unemployment and housing starts are declining but are persistently negative- like slowing the fall. Expect big increases in unemployment around the bankruptcy filing of Chrysler and coming GM. Look at the impact of the closing of ~2000 dealerships (combined) and the ripples that will cause. Impact of that won't be felt for several months. Banks are using various aides to offset coming losses in credit cards, consumer loans, commercial real estate(watch the gov. statistics on bankruptcy filings). The usual spate of filings that happen early in q2 are just getting ready to run their course. Sorry to be so gloomy, but better avenues exist in BRIC investment, and in commodities. The age old adage of leverage hasn't changed- "it limits flexibility" . What took ten years to make will not take ten months to undo- probably a bit longer.

RE: Some Questions

Mon, 18 May 2009 22:45:35 EDT

By jetliner

There was once a book written- "if you meet guru in the middle of the road; kill him". Like truth the answer is relative to time and place- there is no one thing to look at. There are indications that at one time will be right and at another will be wrong. So all the people you've asked have both been right and wrong. Sorry to be so "confusion" , look rather at when to look at one set of signals and at another time to look at another. Go back and ask those who have answered you if there answer is correct today or if it is a different answer than that they might have given you five years ago. The seeker of truth must ask the question if and why to understand the answer he has been given, grasshopper!

RE: Nucor Steel / Duke

Fri, 15 May 2009 13:44:09 EDT

By jetliner

Duke is a good company run by good people, their problem will be cap and trade- as basically a fossil fuel power company, it will take 10 years to convert to Nuclear (predominantly) until then they will be faced with the dilemma of a passing the cost on to consumers (a regulated utility) or absorbing the costs- don't look for much growth over the next few years, and this will threaten their dividend. Nucor is a very good company, but consider this - steel from China is 1/3 the cost of U.S. bought steel, additionally the shakeout in autos has reduced US auto production by over 1/3 with direct effect on steel producers. I would suggest various commodities such as titanium (see Cramer and TIE), metals ( USU, RJZ, etc...) and energy stocks (especially oilfield services as the majors have to bring rigs back on line). Since this is a fake $1M you can buy some of the more pricey issues easily.

NEWBIE HERE

Tue, 14 Apr 2009 20:52:23 EDT

By KM1932

HI EVERYONE, I'M NEW TO THIS THIS AS WELL AS THE STOCK MARKET, BUT I DON'T HAVE A CLUSE AS TO HOW TO GET STARTED. I WOULD GREATLY APPRECIATE ANY ADVICE THAT ANYONE WOULD BE WILLING TO SHARE. THANKS, K.

RE: anyone think housing might have hit the bottem?

Mon, 30 Mar 2009 09:59:46 EDT

By rgere387

yes, dip your toe, buy 1/2 and see if it goes down in the summer buy more !

anyone think housing might have hit the bottem?

Fri, 27 Mar 2009 09:34:56 EDT

By shades415

I would like to see how the groupe feels about slowly dipping a toe into the home builders. I think that TOL, might be at a great price to start buying in. let me know your thoughts?

Some Questions

Tue, 06 Jan 2009 13:05:28 EST

By Street

Boohya!!! to everyone out there. I am relatively new to investing and I just had a few questions that I hope someone can help me out on. I'm a double major in Accoutning and Corporate Finance. I've been asking my professors and the older students this very question since I started college. The Question being " What specifically do I look for in the balance sheet, income statement, and statement of cash to flow to determine if the company that I'm looking at is worth investing iin?" I have not really gotten a clear cut answer to this question so answer that can clear up my confusion is greatly appriciated. Furthermore, I was also wondering if those things change in a big name company versus a company whose stocks are considered "penny stocks". Thank you to all.

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Mon, 17 Nov 2008 20:25:09 EST

By emcee

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RE: Nucor Steel / Duke

Sun, 16 Nov 2008 01:35:44 EST

By Turtleread

I have owned Duke Power Co. (DUK) in my real portfolio for many years when I lived in the region served by Duke Power. Great company with great people in states where they had good relations with the state regulatory agencies.

RE: Nucor Steel / Duke

Fri, 14 Nov 2008 11:34:58 EST

By Agianst All Odd$

Does anyone check the balance sheets or cash flow on these stocks we buy?