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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (17339)11/16/2015 9:45:19 AM
From: John Pitera3 Recommendations

Recommended By
isopatch
roguedolphin
sixty2nds

  Read Replies (1) | Respond to of 33421
 
Hi Iso, sounds like those land prices have come down nicely..... it's interesting to see how tax auctions work and what rules and caveats apply.... and land that has hardwood timber on is truly a resource that keeps giving over time.

it's truly a horror what transpired in Paris on Friday...... truly a significant even that along with the Russian plane bombing... the attack in Lebanon and the dislocations in Syria that will have long term impacts on policy in several areas.

We have had so many companies that have had earnings disappointments and negative guidance.. it's remarkable how well the strength of the New Age Mega Caps have been able to keep the
narrower averages like the NASD 100 and SPX 100 looking better than the broader ones.

bloomberg.com

I'd say that Doug Ramsey of Leuthold is right on the mark with his view of the market...

I hope you are feeling better soon...... take some vitamin C with your chicken soup ....

John

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It was amazing to see orders for new railroad cars contract 80% Y over Year .... and to see big Truck orders contract by 2/3rd's.......

signs of weakness in many places.and the inventory build up in so many sectors is staggering.

By
Robbie Whelan
Robbie Whelan
The Wall Street Journal


Nov. 15, 2015 5:30 a.m. ET

America’s busiest ports are sending a warning about the U.S. economy.

For the first time in at least a decade, imports fell in both September and October at each of the three busiest U.S. seaports, according to data from trade researcher Zepol Corp. analyzed by The Wall Street Journal. Combined, imports at the container terminals at the ports of Los Angeles, Long Beach, Calif. and around New York harbor, which handle just over half of the goods entering the country by sea, fell by just over 10% between August and October.

The declines came during a stretch from late summer to early fall known in the transportation world as peak shipping season, when cargo volumes typically surge through U.S. ports. It is a crucial few months for the U.S. economy as well: High import volumes can signal a confident view on the economy among retailers and manufacturers, while fears of a slowdown grow when ports are quiet.......



JP