Editor’s Note: The earlier version of this article included unadjusted numbers derived from a spreadsheet error. The error resulted in the not seasonally adjusted month…
“Shadow inventory,” the number of homes that are either in foreclosure or are likely to end up in foreclosure, creates substantial but hidden pressure on housing prices and potential losses to banks and investors. This is a critical figure for …
No permabear am I, and my Model was LONG-ONLY until just before August 1, 2011 (since March 9, 2009: on Dr. Faber’s Bloomberg Rally Call.) To get a sense of the market I read highlights here (not so much), more so SeekingAlpha, and generally scour the…
June 3, 2011 Analysis from Chris Turner
We’re 99% of the way through the Q1 earnings season. Here is Chris Turner’s latest update on his ongoing “thought experiment” for forecasting the S&P 500 price based on earnings fundamentals. The first cha…
May 2, 2011 Monthly Update
Here’s the latest update of my preferred market valuation method using the most recent Standard & Poor’s “as reported” earnings and earnings estimates and the index monthly averages of daily closes for March 2011, which…