très bon , votre weblog thème est certainement merveilleux , je suis chasse tout nouveau thème pour mon moncler doudoune personnel weblog , j’aime vôtre, maintenant je vais aller chercher le même disposition style !…

Hanukkah http://www.alljewishlinks.com Hanukkah…

May not happen immediately, but it will happen. I believe it is only months away.

Love your radio program and listen as much as I can. I must have missed it, what vehicle did you use to short the yen?

Thanks,

Greg Stine

Here is the actual information on the “group’s” establishment under President Reagan I found on Wikipedia for you:

The Working Group on Financial Markets (also, President’s Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631,[1] signed on March 18, 1988 by United States President Ronald Reagan.

The Group was established explicitly in response to events in the financial markets surrounding October 19, 1987 (“Black Monday”) to give recommendations for legislative and private sector solutions for “enhancing the integrity, efficiency, orderliness, and competitiveness of [United States] financial markets and maintaining investor confidence”.[1]

As established by Executive Order 12631, the Working Group consists of:

The Secretary of the Treasury, or his designee (as Chairman of the Working Group);
The Chairman of the Board of Governors of the Federal Reserve System, or his designee;
The Chairman of the Securities and Exchange Commission, or his designee; and
The Chairman of the Commodity Futures Trading Commission, or his designee.

Unfortunately it was designed for times of major instability, but is now used way too much. I do not beleive they will be able to keep the charade up for long. The economic data is coming out negative and they are trying to mask it. My personal opinion is that the government will not be able to fool people and investors for much longer, probably before the end of the year if not sooner.

Be conservative with some cash or at least have an exit strategy.

Real estate is still in a whole lot of trouble and foreclosures keep going up. Commercial real estate is in the same boat. I would be very cautious and don’t listen to the pundits who say real estate is at a bottom.

With that said, Senior Housing Properties Trust ticker “SNH” is in senior living – senior apartments, independent living properties, assisted living properties, nursing homes and even 2 hospitals. Their demand will only go up with the demographics.

Stock ownership is over 80% held by big institutional funds like Vanguard, Invesco, State Street, Blackrock, and on and on. It pays approximately a 6% dividend right now depending upon the price you get aquire the stock, technically, for tax purposes, a REIT.

If I were to invest in the real estate space, this would probably be one of the best sectors.

If you are looking for income, check out Annaly, ticker “NLY” It has mortgaged backed securities, but with “less” mortagages getting approved the existing “mortgage paper” is becoming more valuable. It is volatile so don’t go overboard, but I have owned it for a while and have a profit and a double digit “dividend” (not technically a dividend).

I would put it on my radar screen and probably not chase it now.

Best of luck,
Dan Stewart CFA®

I hear more and more often (hearing this first on the Wall Street Shuffle and Ron Ianieri) about the Plunge Protection Team. Is this the case again toward the closing of the markets such as today? If this is what is going on, once again by the government, then how much longer do you think this charade can continue before it is exposed that the government was hiding the true picture when the reality is that things are much worse and the government was manipulating the markets and painting a false reality?

Thanks.

Thanks for the insightful info.

I would like to get your input on real estate Reet’s (sp?) like SNH, ect… Also I am waiting for a pull back to buy some dividend paying stocks. Any thoughts about that strategy?

Thank you for your wisdom, Ben

This is what is causing the uncertaintly and no one knows what the asset prices are really worth, especially since they stopped mark to mark accounting. This was really done so that the banks didn’t show a loss and so the precious bankers could still get there HUGE bonuses.

Think lobyists & the largest banks own the country? Without letting the asset prices clear, this problem will persist. It is like taking a bandaid off, you have to rip it off fast and quick.

Go listen to our Podcast with Dr. William Black from yesterday, 8-9-2010. He talks about it very articulately. Here it the link for your convenience, http://thewallstreetshuffle.com/podcasts/080910-Seg5.mp3

We also have a link on our website, http://www.thewallstreetshuffle.com, which also highlights even more incestuous problems with the housing market. The government is once again engaging in cronyism and letting their friends and contributors make FREE profits without risk at taxpayers’ expense.

The big problem is that is putting a stop to housing recovery because the banks have no incentive to work with mortgage holders if they can take taxpayer money risk free for a profit. Moreover, then can still keep the mortgage holder on the hook for the difference after they have been paid off and made a profit. It is criminal what is going on! Here is the link, it will absolutely floor you -http://thewallstreetshuffle.com/videos.shtml

Lastly, if you have a smart phone, you can go to iHeartradio to listen to us streaming. Just download the app & search for “1190AM Dallas/Fort Worth News Talk”

Cheer Mate,
Dan Stewart CFA

Well Dan thank you so much for your efforts i really enjoying hearing your views on the wall street shuffle and your blogs.And great to hear you had a great few days off family time and fishing.
Cheers Shane
Melbourne
Australia