Relmhill

High Yields with REITs and Junk Bond Funds

The business model of REITs *HAS* changed. They rely on functioning credit markets to roll over their debt.

The CMBS market is dead for the time being, Lenders are few and far between for commercial loans.

It appears many, many REITs will not be able to roll over their debt in 2009-2010. They will have to declare bankruptcy, and shareholders may be wiped out.

Wells Fargo Lays Bear Trap on Wall Street

The head should say, "... lays a BULL trap...". You're not trapping bears if future losses lie ahead, you're trapping people who are bullish based on headline news.

Goldman on Bank of America: 'Unrivaled Client and Distribution Franchise'

"Bank of American Corp. (BAC) has chosen to grow organically, rather than through acquisitions..."

This is not exactly a choice. The US regulators prohibit any bank from acquiring more than 10% of banking deposits. BAC is up against the limit.