sell! sell! sell!

[tiznow]

Vacancy Rate at U.S. Shopping Centers Rises to 11-Year High

By Hui-yong Yu

Jan. 11 (Bloomberg) -- Vacancies in U.S. neighborhood and community shopping centers rose to an 11-year high in the fourth quarter as the housing slump dented consumer spending, according to Reis Inc.

The vacancy rate rose to 7.5 percent in the three months ended Dec. 31, from 7.3 percent in the third quarter, the New York-based real estate research firm said in a survey.

``The retail sector is coming under increasing strain, both in terms of slower rent growth and falling occupancy,'' said Sam Chandan, chief economist at Reis.

Retail sales growth has slowed as consumers contend with the worst housing market in 27 years and rising gasoline costs. U.S. retailers posted same-store sales growth of 0.9 percent in December, the worst performance for that month in five years, the International Council of Shopping Centers reported yesterday.

Asking rents at shopping centers rose 0.8 percent last quarter from the previous quarter and effective rents rose 0.4 percent, Reis said. For the year, retail asking rents increased 2.9 percent. Rents didn't grow when adjusted for inflation, Reis said.

The Bloomberg Regional Mall Index fell about 25 percent, when including dividends, during the past year. The largest companies in the index by market value are Simon Property Group Inc., General Growth Properties Inc., Macerich Co. and Taubman Centers Inc.

At U.S. regional malls and super-regional malls, the vacancy rate rose to 5.8 percent in the fourth quarter, from 5.5 percent in the third quarter, according to the survey. That matched 2004's first quarter and was the highest since 2002's fourth quarter, when vacancies were 6.1 percent.

Asking rents for regional malls declined 0.4 percent in the fourth quarter to an average $40.37 per square foot, from $40.55 in the third quarter, according to Reis.

Kimco Realty Corp. is the largest owner and operator of neighborhood shopping centers in the U.S.

 

[tiznow]

BOA and CFC better be burning the midnight oil and get that deal done by morning

futures off 72

 

[Brooklynbomber]

The Ron Paul system would have already caused mass panic and produced a run on the banks guaranteeing another Great Depression.

That's what the fed is there for, tizdoom...to help soften the 'blows' a little, keeping us in a holding pattern until the next bull cycle.

I have a sinking feeling it is not in your best interests to debate economics in this thread with the big boys

 

[Brooklynbomber]

Have you read Crash Proof? The author argues that the emerging markets will easily pick up the consumption where we left off.

fantastic must read

 

[eek.]

Eek, the Jags are a home dog?

Shows you how much I know...

Poor Cussy thinks I've got a secret tipster.

 

[Dawoofdaddy]

Nice job by ben keeping market higher while he speaks to the unwashed masses and take away the punch bowl the following morning.

%^_

 

[Dawoofdaddy]

Seems like each day a major financial institution falls 5% or more.

Today American Express AXP is down 10%

Being a dow jones index stock, this one falling off a cliff actually affects the index.

:nono5:

 

[Dawoofdaddy]

all in all a very bad day for bullies IMO

fedspeak combined with CFC buyout rumor ammo used up, and rally fizzles into close with markets up less than 1%

:toast:

 

[eek.]

<TABLE cellSpacing=0 cellPadding=0 width=629 border=0><TBODY><TR><TD colSpan=3>US trade deficit widens sharply

</TD></TR><TR><TD vAlign=top width=416><!-- S BO --><!-- S IIMA --><TABLE cellSpacing=0 cellPadding=0 width=203 align=right border=0><TBODY><TR><TD>

Petroleum imports hit a record

</TD></TR></TBODY></TABLE><!-- E IIMA --><!-- S SF -->The US trade deficit expanded to its highest level in 14 months in November as imports, especially of oil, overshadowed a rise in exports.
The Commerce Department said that the trade deficit expanded by 9.3% to $63.1bn (£32bn) driven by a 16.3% jump in America's foreign oil bill.
US exports rose by 0.4% to a new record of $142.3bn, getting a boost from the weaker dollar.
Analysts said the growing deficit could weigh on US economic growth. <!-- E SF -->
But they added that the trade deficit, the gap between imports and exports, should narrow in the longer term as the weaker dollar makes US exports more competitive on world markets.
The trade gap widened by more than expected, with economist forecasting a deficit of $59bn compared with $57.8bn in October. The US trade deficit with China shrank slightly to $24bn, down from a record high in October when shops were receiving shipments of toys in time for Christmas. However, the figures brought the year-to-date deficit with China to $237.5bn at the end of November, already eclipsing the annual record of $232.6bn set in 2006.
</TD></TR></TBODY></TABLE>
http://news.bbc.co.uk/1/hi/business/7183403.stm

 

[tiznow]

:lolBIG: GOTTA LOVE CFC

off course the buyout price is below what is was trading at before the spike yesterday as there were no shares short available after the spike

good stuff

anyway you daily bear roar

 

[JoeContrarian]

Tizdoom getting restless waiting for the economy to crash...

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[tiznow]

:lolBIG:

waiting the wrong word by the way

hope everybody was prudent and took the proper protective measures in their portfolios

:toast:

 

[Dawoofdaddy]

If the financials and moreso the brokers get tossed into the fire the next two hours the bear will take a hefty chunk of flesh today.

%^_

 

[tiznow]

the last pieces of the puzzle giving way

the consumer and jobs

relentless consumer 75% of our economy looks like they finally hitting a wall

http://biz.yahoo.com/ap/080111/consumer_confidence.html

------------------------------------------------------

Consumer Confidence Sinks to Record Low
Friday January 11, 6:38 am ET
By Jeannine Aversa, AP Economics Writer
Consumer Confidence Sinks to Record Low Over Worry About Jobs, Energy Costs, and Foreclosures

WASHINGTON (AP) -- Consumer confidence fell to an all-time low as worries about jobs, energy bills and home foreclosures darkened people's feelings about the country's economic health and their own financial well-being.

According to the RBC Cash Index, confidence tumbled to a mark of 56.3 in early January. That compares with a reading of 65.9 in December -- and a benchmark of 100 -- and was the worst since the index began in 2002.

 

[Hitman26]

I went to McDonalds today and the person who took my order told me to think about shorting Citigroup and Washington Mutual. (He saw me checking the stocks on my iphone). He said he made 1k last week buying puts on those 2 stocks and he was thinking about a career change into trading stocks.



I said thanks for the tip and goodluck if you decide for a career change.

 

[tiznow]

I went to McDonalds today and the person who took my order told me to think about shorting Citigroup and Washington Mutual. (He saw me checking the stocks on my iphone). He said he made 1k last week buying puts on those 2 stocks and he was thinking about a career change into trading stocks.



I said thanks for the tip and goodluck if you decide for a career change.

:lolBIG:

i'd tell him financials already taken a nice hit

move onto bloated consumer related stocks they the next hat to fall such as AMZN

bby down 5% today on the consumer numbers

 

[Dawoofdaddy]

I went to McDonalds today and the person who took my order told me to think about shorting Citigroup and Washington Mutual. (He saw me checking the stocks on my iphone). He said he made 1k last week buying puts on those 2 stocks and he was thinking about a career change into trading stocks.



I said thanks for the tip and goodluck if you decide for a career change.

Thanks. These are the types of tea leaves that definitely determine when one side of the boat is full.

That coupled with easy short daytrades and no shares available to short = we all know what.

 

[tiznow]

they still putting up a fight around 1406 S&P the nov lows

 

[Dawoofdaddy]

We will refer back to this post as a benchmark.

Prices (using avg from today range) as of MR McDONALDS daytrader:

C: 28.50

WM: 14.80

XLF: 27.60

:smoker2:

 

[tiznow]

We will refer back to this post as a benchmark.

Prices (using avg from today range) as of MR McDONALDS daytrader:

C: 28.50

WM: 14.80

XLF: 27.60

:smoker2:

:lolBIG:

honestly looking at C i wouldn't even think once about shorting it right now

but that doesn't mean the overall market can't go down if financials hold up, xlf green today but markets getting trashed anway

time for the blood to rotate into the consumer sector, while financials have a bear shake