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Saturday Angry Rock Blogging

Because trash like you will never have
The means with which to live
In any modicum of luxury
Or vague derivative
Of comfort don't stray beyond your class
You'll never crack this ceiling made of glass

Just live to work and then expire
Keep your mouth shut you might retire
With something more then debts
Stretched far beyond your means
Pledge allegiance
To the corporate machines

Don't you dare step out of line
Everything will be just fine
But you'd better mind your place
Just learnt to be a good consumer
You're now a number
You've no longer got a face

Let my anger be my declaration
My dissent my participation

Resistance isn't any use
Just consume, obey and reproduce
The next working class who'll shoulder
Your burden of despair
Your empty cries for a living wage
Our system doesn't care we don't care

That our system won't provide
For public health
We don't care that your left
Out in the cold all by yourself
We don't care

And for the Akubi crowd the full on anti-Bush version here.

The Second Horseman

‘A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!’

Words from the 1st Century reverberate through the ages. Why couldn't they just say beer is going to get expensive in 2008 or something useful like that?

Seeking Alpha Jumps the Shark

Seeking Alpha yesterday:

Shorting Homebuilders - A Sure Thing
posted on: April 23, 2008 | about stocks: ITB / PHB / RYL / XHB

It doesn't happen often that the market conditions present a "sure" money maker, but homebuilders are now as sure a short as they can ever be.

Here are 7 reasons why:

Unsold inventory...
Weak economy, rising unemployment, spent out consumers...
Home sales continue to deteriorate...
Many of the builders have loans that will mature and be due for refinancing...
inflation....

Despite all of the above, homebuilder stocks have risen year to date as much as 60% from the bottom in January...
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Seeking Alpha today:

Homebuilding Stocks: Rising With Reason
posted on: April 24, 2008 | about stocks: DHI / HOV / KBH / LEN / RYL / XHB
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The latest round of homebuilding data suggests (shocker) continued weakness, with demand refusing to budge despite vastly lower home prices and low mortgage rates. The slumping sales reflect a lack of desire to buy homes that are losing value as well as an inability to secure loans under restrictive lending standards.

The situation is very worrisome indeed, yet it will not play out like this forever, and investors know there is a fortune to be made in housing stocks upon the eventual turnaround.
...

Listed below are a few promising homebuilding stocks:
Hovnanian Enterprises
KB Home
Ryland Group
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And people complain about Cramer. It's all a confidence game.

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