The Euro's Long Run Is Finally Over [View article]
I wouldn't be so sure about that: at its current pace, the federal budget deficit will be over $1 trillion this fiscal year (although it probably won't reach that).
It's called short covering -- you must have heard of it. 'Sell the rumor, but the news.' Also as a result of recent rule changes disallowing naked short selling, all the big players/hedge funds who were doing it -- your average retail brokerage customer cannot naked short sell -- are being forced to cover.
In many areas a majority -- in some cases a large majority -- of the lower priced homes that are moving are REOs. This does nothing for the so-called move up buyers, or those who want to be one.
NAR Optimists Drubbed by their Own Dismal Data [View article]
Yeah, the end of our housing nightmare is nigh. Never mind about the incredible destruction of wealth that fallen home prices imply, and the effects of that on consumers (home ownership is now over 65%) and the economy.
3 Reasons To Be Bullish on the Investment Banks [View article]
Given the bad news yet to come -- and when you see the data on deteriorating YoY and QoQ results, mortgage delinquencies, unsold LBO debt, etc, one suspects there's a lot of it out there -- right now the financials look more like a value trap to me. There are sectors that do not appear to be trading on fundamentals, like the homebuilders, and financials may soon fit that bill too, although the Fed's ill-advised actions will give some support short-term. I'll pass.
Hey, take a look at CTX's balance sheet, and its recent announced need to modify loan covenants, and then tell me: How can this company possibly survive the next year?
Sort by:
Latest | Highest ratedThe Euro's Long Run Is Finally Over [View article]
Five Forces Driving the Euro Down [View article]
Wednesday Outlook: Commodities, Emerging Markets [View article]
More Homebuilder Incentives [Housing Tracker] [View article]
Get Ready to Short Homebuilders [View article]
NAR Optimists Drubbed by their Own Dismal Data [View article]
3 Reasons To Be Bullish on the Investment Banks [View article]
3 Homebuilders Stocks Heating Up [View article]
ECRI: Acting Now Could Avert a Recession [View article]
Countrywide Takeover By BoA Would Make Sense [View article]