financial rebel
financial rebel

Home Prices Fall Again

Home Prices Fall Again

Written by Jason Martin on July 22nd, 2008
Home Prices Fall Again

Office of Federal Housing Enterprise - FinancialRebel.comIs there an end in sight? Today, a government report from the Office of Federal Housing Enterprise Oversight was released that said home prices in May declined by 4.8 percent over the past year. Are we getting near the point when prices are more appetizing for real estate investors again or do we have a long way to go?

The Pacific Division, see states it encompasses below, actually showed a price increase, which was the first since March 2007.

Also, from April 08 – May 08 the Middle Atlantic and East North Central Division showed a 0.1% increase and the West North Central Division stopped losses to remain even at 0.0%.

Home Prices Fall Again
Big Earnings Reporting Week

Big Earnings Reporting Week

Written by Jason Martin on July 20th, 2008
Big Earnings Reporting Week

It’s the calm before the fury. Next week will be huge for the market as many big companies are reporting earnings.

Will we see forward momentum due to good earnings surprises or will we hit a brick wall? One thing is for sure; next week is shaping up to be very entertaining and pivotal.

Take a partial look at the slew of companies reporting earnings next week:

Big Earnings Reporting Week
Blockbuster—Going Anywhere?

Blockbuster—Going Anywhere?

Written by Jason Martin on July 18th, 2008
Blockbuster—Going Anywhere?

Blockbuster - FinancialRebel.comBack in November we talked about Carl Ichan boosting his share in Blockbuster (NYSE: BBI) and how it might be a sign of good things to come.

At that time, Blockbuster was trading at $3.88. Today, it closed at $2.42. Not exactly going the right way.

So what’s wrong with this stock? Is there any hope?

Blockbuster—Going Anywhere?
Ruth’s Hospitality Group One Year Later—Bottom’s Out

Ruth’s Hospitality Group One Year Later—Bottom’s Out

Written by Jason Martin on July 18th, 2008
Ruth’s Hospitality Group One Year Later—Bottom’s Out

If you own Ruth’s Hospitality Group (NasdaqGS: RUTH) stock and purchased anywhere close to one year ago or later, you’re in a world of hurt.

About one year ago this stock started stuttering and when it fell, it fell hard.

On July 18. 2007—one year ago from this writing—RUTH closed at $17.53, which was down a little from it’s $20ish highs a couple months prior. The next trading day is closed up 4 cents higher and that would be the end of RUTH.

From there it’s been a rollercoaster right down—August 07 $16s, September 07 $15s, October 07 $14s, November 07 $12s, and so forth.

Ruth’s Hospitality Group One Year Later—Bottom’s Out

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ABOUT FINANCIAL REBEL

My name is Jason Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.

In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.

Long story short, I won the contest and have made money in the stock market, through real estate investing and so forth. If you're looking for someone to tell you how to buy and hold $300 stocks for an eternity or someone who will pump up garbage micro-cent stocks, I'm not your man.

I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know.