Blogs

Residential real estate prices fell more than forecast in November, showing distressed properties are hampering improvement in the U.S. housing market.

The S&P/Case-Shiller index of property values in 20 cities declined 3.7 percent from November 2010 after decreasing 3.4 percent in the year ended in October, the group said today in New York. Economists projected a 3.3 percent drop, according to the median estimate in a Bloomberg News survey.

A New Issue of the TREND Technical Trader has been sent to subscribers this morning.  Please let us know if it does not appear in your e-mail inbox.

Here's the 2nd interview we've posted this week with someone predicting an imminent major crash in equities. 

Joe Granville's record is good, but we're not sure about David White.  In any case, it's an interesting interview.

(MarketWatch) - The U.S. economy grew 2.8% in the final three months of 2011, propelled by increases in consumer spending and business inventories, according to a preliminary government estimate. The increase in gross domestic product was the fastest in a year and a half. Economists surveyed by MarketWatch projected GDP would rise 3.0%.

Joseph Granville, a technical analyst who has been publishing the Granville Market Letter from Kansas City, Missouri, for more than 40 years, talks about the outlook for the U.S. stock market. He speaks with Adam Johnson on Bloomberg Television's "Street Smart." CLICK HERE if video does not display in your browser. 

Each day we hear more speculation that the next round of QE is coming from the Federal Reserve. We have already seen recession take hold in Europe, the UK, and Japan. We see no reason why North America is not going to follow this global trend down.

The January 22nd Flash Report was sent to subscribers. 

While talks stalled by the Greece Bank Creditor Group as they bicker over what the "voluntary" cuts will be on Greek debt, the yield on the 1 year Greek bonds has now soared to over 400%!

(MarketWatch) — Ratings agency Standard & Poor’s on Friday stripped France of its coveted triple-A credit rating and reduced Portugal’s debt status to junk as part of a broad reassessment of Europe’s financial soundness that highlights the severity of the euro zone’s persistent sovereign debt crisis and complicates efforts to resolve it.

Germany escaped S&P’s scrutiny unharmed. It’s triple-A credit rating was left unchanged and given a stable outlook.

(MarketWatch) -- Ratings agency Standard & Poor's is set to announce later on Friday that it has cut France's coveted triple-A rating, undermining euro-zone efforts to solve a persistent sovereign debt crisis, according to media reports on Friday.

French news agency Agence France Presse, citing an unnamed government source, reported on its website that S&P had already informed the French government of the move. Neither the rating agency nor the French finance ministry would comment, AFP reported.