Archive for October, 2010

Performance of Commodities since July 2010 low in S&P 500

October 26, 2010 Leave a comment

Quick and dirty chart showing the performance of various commodities since the July 2010 low in S&P 500…(proxies)… forget Gold, look at cotton (BAL) – parabolic rise of 70% in less than 3 months!

Source: Google Finance

.INX: 1,184.26 -1.36 (-0.11%) – S&P 500 INDEX,RTH.


World Stock Markets near 52 Week Highs

October 26, 2010 Leave a comment

Close to overbought territory… Japanese equity markets clobbered due to 15-year high Yen.

Canada is not the only developed country in a real estate bubble

October 25, 2010 Leave a comment


Look at Australia and City-State Singapore…astronomical rise in the southern hemisphere…are we in for a second round of housing bubble?

Canada’s housing market: then and now

October 25, 2010 Leave a comment


Nice chart from Globe and Mail showing conflicting signs of housing bubble in Canada.


Canada’s housing market: then and now – The Globe and Mail.

GTA Housing Update, Sales & Average Price Seasonal pattern

October 19, 2010 1 comment

I am shocked to see that the average single family house price for the first half of October 2010 is $444644! This is only two thousand dollars away from the all-time high of $446593 reached in May 2010… I thought house prices peaked in Spring and stayed flat or moved down for the rest of the seasons… but the chart below says something different

I will summarize the above chart to decide when house prices peak within a calendar year:

In which month do house prices peak in a year?

2006 2007 2008 2009 2010
April Oct April Oct May

And what about Sales activity?


2006 2007 2008 2009 2010
May May May June April

The above chart is based on the average price as reported by the Toronto Real-Estate Board… the following chart is based on the Teranet House Price Index and it tells a much different story… although I wouldn’t interpret the index data in the same way as raw price data mostly because of the index methodology.

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Dec Dec Dec Dec Dec Dec Dec Aug Dec Aug Dec Jul

It is clearly towards the end of the year and that is obviously due to the inherent inflation!

Update: Forgot to include seasonal sales pattern from Teranet House Price Index  data… Sales peak in the summer months of Jun-Aug

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jun Aug Aug Jul Aug Jun Aug Jun Aug Aug Jul Jun

The world according to San Francisco – Boing Boing

October 18, 2010 Leave a comment

Effective tax rates: Let’s get fiscal

October 9, 2010 1 comment