The New Tycoon Report
Monday, June 18, 2007 | Wayne MulliganRating:
Here I am – another week and another double-dose of Wayne’s Wonderful World of Wisdom. Ok, that sentence had a little too much alliteration and was just a tad egocentric. But in any case, I’m back again taking the helm while Ben is still taking some time off.We appreciate all the kind words from you and other Tycoon Report members – please keep them coming!
Last week I talked a bit about the problems we’ve seen in the financial services sector and why it’s high time for a “fresh start” in this space.
I even outlined some of the things we’re doing at Tycoon to address those issues.
We Love Our Beta Testers
But before I get into that I want to thank all of our members who signed up to be Tycoon Beta Testers – these folks will get first crack at our new features and be able to take them for a test drive before anybody else is even allowed in the showroom.
And I’d like to give special mention to one of our members who only identified himself as “Trader”. In reference to my “special picture” (see below) he left the following comment:
“Thanks Wayne. Perfect Picture. Emphasizes that you are on "Wall Street" in more ways than one.”
Thanks Trader – that one definitely took the cake!
Coming Soon...
Well, now I’m going to be a little more specific than I was last week about what we’re doing to fix some of the problems in this sector – as of next Monday, June 25th you and the thousands of other Tycoon Report readers will witness the unveiling of the new and improved Tycoon Report web site!
And I’m not going to waste any time here…I’m going to jump right in and briefly go over some of the new features you can expect next week:
Commenting and Ranking:
Currently, when you leave Tycoon Editors feedback you’re directed to another site called Survey Monkey.
From there you leave us comments and rank our articles – that’s fine for providing Tycoon Editors with feedback but it does nothing for you! So here’s what we’re going to do…
From now on you can leave feedback for each editor directly on the Tycoon web site. Not only will that allow you to leave us feedback and rank our articles but Tycoon Report editors like Chris, Teeka, Dylan and Jason will respond to your comments directly on the site!
So you and thousands of other readers will get to have an ongoing conversation with us which will help us and obviously help you.
Two way communication is a very powerful thing when applied to the world of investing and finance.
Polls
Every week or so, we’ll be conducting surveys for you and other Tycoon members to participate in.
Some of these surveys will be focused on what sectors you think are hot, what stocks you own and even what your choice for our next President will be.
In any case we haven’t had an easy way to solicit this type of information from the Tycoon community before. But as of next Monday we’ll begin featuring polls in our e-mail newsletter and on the web site.
Here, you and the thousands of other Tycoons out there will get to weigh in on important business, political and sometimes fun issues --- best yet, you’ll get to see what other Tycoons think as well!
Easier Access to MORE Content
From now on when you read a Tycoon Report article you’ll see a handy little toolbar on the right side of the screen. What will it do you for?
Good question!
Well it will display about 10 – 12 articles that are related to the one you’re currently reading. This will:
- Give you access to more of Tycoon’s content
- Let you read interesting articles that you may have not found otherwise
- Let you learn more and potentially earn more!
Member Articles
This feature is arguably one of the most important features we’ll roll out all year. From now on we won’t be the only ones writing for the Tycoon Report each week – soon, you will too!
We’ll now have an area right on the Tycoon Report web site where you and the other Tycoons out there can submit articles to your heart’s content. We’ll then take the highest rated articles each week and feature them right inside of the Tycoon Report.
Before you know it you’ll have as many fans as Teeka does!
Best of all, if you’re one of the “professional bloggers” or writers out there, we’ll let you promote your own web site right inside your article and in your user profile. So not only will you gain fame and notoriety on the Tycoon Report, but you’ll also push traffic and revenue to your web site as well.
The Big Picture
If you couldn’t tell by now the one thing most of these features have in common is they’re all about community.
We’re trying to build something special here and we’re smart enough to know we can’t do it alone. We need your help to turn the Tycoon Report website into a full-fledged community.
The great part about it is the more you participate, the more others will participate and that will create a positive virtuous cycle. It will fill the web site up with great content, educational material and some of the most profitable investing information ever seen on the internet.
Which goes right back to what we’re doing here: educating and empowering investors.
The more you learn, the more you’ll earn!
Have a great week.
(Please let us know what you think about Wayne Mulligan's article.)
Rate his article here »
Rate his article here »
Wayne Mulligan
Contributing Editor
The Tycoon Report
MARK YOUR ECONOMIC CALENDAR – What’s ahead for the week of June 18th
Tuesday, June 19th, 2007
8:30 Housing Starts: Consensus 1485K
Big Picture: Housing starts reached a nine year low in January 2007 after hitting a 33 year high a year earlier. The plunge has been a significant drag on growth as further risk surrounds the defaults coming from sub-prime borrowers. As mortgage rates rose, underlying demand and speculative investment faded as sales declined, inventory built and strong price growth turned to declines. The correction for the inflated housing market was expected (and needed) but with a more gradual decline. Stability will have to wait for new home sales to begin to tick higher given the large supply of unsold inventory. National Assoc of Realtors expects the bottom in housing starts in Q3 2007 -- could be further delayed given the added supply coming from sub-prime foreclosures.
8:30 Building Permits: Consensus 1475K
Big Picture: Housing starts reached a nine year low in January 2007 after hitting a 33 year high a year earlier. The plunge has been a significant drag on growth as further risk surrounds the defaults coming from sub-prime borrowers. As mortgage rates rose, underlying demand and speculative investment faded as sales declined, inventory built and strong price growth turned to declines. The correction for the inflated housing market was expected (and needed) but with a more gradual decline. Stability will have to wait for new home sales to begin to tick higher given the large supply of unsold inventory. National Assoc of Realtors expects the bottom in housing starts in Q3 2007 -- could be further delayed given the added supply coming from sub-prime foreclosures.
Thursday, June 21st, 2007
8:30 Initial Claims: Consensus 310K
Big Picture: Initial claims had been following a subtle upward trend which has again been challenged with the recent low levels. Aberrations are watched for clues on the labor market and economy as the recent levels reflect an even tighter labor market. Continued claims also falling off its highs. Claims provide a nearly real time read on layoffs and the labor market as the low 4.5% unemployment reflects the broader read of layoffs and hiring.
10:00 Leading Indicators: Consensus 0.2%
Big Picture: Six monthly declines in 2006 reflect the weaker economy in late 2006 as declines were shown in 3 of the first 4 months of 2007. The 6 month growth fell to a -0.8% low in July but has firmed up since. Over the last 16 years the index correctly signaled the 1990 and 2001 recesssions while providing a false signal during the 1995 soft-landing. The recession alarms go off when the cumulative 6 month decline exceeds -1% amid a string of three or more consecutive monthly declines. No recession warning bells yet and none expected.
12:00 Philadelphia Fed: Consensus 7.0
Big Picture: The regional manufacturing index is volatile but tracks the direction of national orders and production. The gains in orders follow the weakness tied to the auto, housing and business investment which overall appear to be improving. ISM's 2007 estimates argue that the stall is just that with stronger demand ahead. Risk is that demand won't last. The Philly index is independent of its components so can provide a misleading read and is especially volatile given the small region covered (mid and east PA, southern NJ and Delaware). The manufacturing sector moves in mini-cycles compared to the overall economy and the regional measures move in even shorter cycles with far more month to month volatility.
(Source: www.Briefing.com)
