Dennis Tubbergen
Dennis Tubbergen » Archive of 'Oct, 2009'

Market and Economic Outlook Part I

October 9, 2009
by dtubbergen
No comments yet

Since I’m leaving today for a one week hiatus in God’s Country, the mountains of Northern New Mexico, to go elk hunting and hiking, I’m providing you with excerpts from my October issue of “Moving Markets”. There will be 3 excerpts total, one today and two more next week. For a complete copy of this month’s issue, click here: www.usawealthmanagement.com

But what about other reports indicating real estate values have recently begun to recover like this excerpt from an article published by Newsday on September 29, 2009?

Median prices for home closings fell from $402,000 last September to a five-year low of $350,000 in January, according to data from the Long Island Board of Realtors, which also covers Queens.

The median clawed up to $385,000 last month, and real estate agents said open-house traffic and deals have revved up. Read more »

Posted in General

Take a Look at This

October 8, 2009
by admin
No comments yet

I’ve been talking about the possibility of a stock market downturn for a couple of months now. Although there is certainly the possibility of more upside in the US stock markets, the chart below illustrates a major price volume divergence is occurring.

When prices rise in a healthy bull market, trading volume often confirms the rally, meaning that as prices raise so too does volume. But, that’s not what is happening currently. Take a look at the chart below: Read more »

Posted in General

FDIC Needs Money

October 1, 2009
by dtubbergen
No comments yet

This story is from Bloomberg on September 29. As of September 30, the FDIC insurance fund is broke – out of money.

The solution?

They’re asking lenders to pre-pay 3 year’s worth of premiums in order to raise the needed $45 billion to keep the insurance fund operating. This request comes after 120 banks were shut down over the past 2 years. Read more »

Posted in General
Newer posts »