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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (195699)	4/9/2009 4:43:48 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

Nice. Boeing warns AH in front of a long weekend: marketwatch.com Boeing to cut 777 production; delay increases of 747s, 767s By Wallace Witkowski Last update: 4:30 p.m. EDT April 9, 2009 SAN FRANCISCO (MarketWatch) -- Boeing Co. BA) said late Thursday it is curbing produciton of twin-aisle commercial jets, a move that will result in a sizable hit to first-quarter earnings. Boeing said it will cut production of 777s to five airplanes a month from seven beginning in June 2010, and will delay plans to modestly increase 747-8 and 767 production. The aircraft maker also said that the sour economy "has contributed to significant declines in the escalation indices that affect forecasted pricing for commercial airplanes already ordered." As a result, the production decisions and the unfavorable price escalation will lower first-quarter earnings by 38 cents a share. Shares of Boeing fell 3% to $38 a share in after-hours activity.

To: ChanceIs who wrote (195699)	4/9/2009 7:41:49 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

Wow, all I can say is - WOW. This one is back at the average price for the past couple of peak years: Has anybody stopped to think that the reason why some of the retailers have managed to remain profitable is that they threw off all their real estate risk onto the REITs? BTW, I hear corporate bond yields - the valuation yardstick for stocks - are up just a tad over the past couple of years as well. Wow... `BC

To: ChanceIs who wrote (195699)	4/9/2009 7:53:23 PM
From: Perspective	Respond to of 306849

Wow, does this one really deserve to be back at the rally HIGHS from 2008? Given the increases in interest rates and the dramatic shift in the general risk level? Man, I guess I just missed the Kool-Aid. Just about to get stopped out of this one: `BC

To: ChanceIs who wrote (195699)	4/11/2009 1:56:38 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

Thursday, April 9, 2009 Don't believe the Wells Fargo hype: report Wells Fargo shares were sharply higher this morning, and other bank shares rose, after the giant bank (biggest lender in metro Philly and many other markets) projected higher-than-expected earnings for the first quarter. But what Wells Fargo isn't telling us has some bank-watchers worried. "While the market is reacting favorably... we remain cautions based on what we don't know," writes analyst Paul J. Miller Jr. and his colleagues at FBR Capital Markets & Co., Arlington, Va., in a report to clients this morning. "We believe that credit quality materially deteriorated in the first quarter, and that Wells Fargo is under-reserving for expected future losses." What WFC isn't telling, according to Miller: "What happened to nonperforming loans, and what would have been net charge-offs excluding purchase-accounting adjustments? What are the trends" in West Coast mortgage write-offs? "Was there any benefit" from the Financial Accounting Standards Board's new watered-down mark-to-market rules?... We hope these questions will be answered when the company reports results on April 22." SEPARATELY: Zacks Investment Research has similar concerns about Wilmington Trust Corp. "We remain concerned with WL's exposure to commercial real estate-construction loans... Though WL lends mainly to smaller homebuilders in the Delaware Valley (60% of the portfolio) and not to national homebuilders, we expect a further deterioration in the credit quality on account of the ongoing weakness in sales," writes Neena Mishra. Earnings 4/24. philly.com