Markets
Bottom for Housing
Perhaps government bailout plans and lower mortgage rates will help. But I’m now officially very skeptical of the consensus 2Q 2009 bottom for the housing market.
Read moreGimme Cheap Money
Here’s my headline for the day: Automakers Have a Plan: Ask for More Money. The original $25 billion needed to save the Big 3 is now above $30 billion…. Read more
The American Consumer
There’s an old Wall Street saying – Never underestimate the American consumer. It’s a back-handed compliment, to be sure. But there’s some truth to it. The U.S. consumer is… Read more
Obama’s Opportunity
The Blame Game
Stocks were unable to build on Thursday’s momentum. Friday’s late sell off seemed like a pretty obvious vote of no-confidence for Paulson. It also suggested the market had low… Read more
A Loss of Confidence
So much for the silver lining talk. The Dow Industrials seem intent on testing recent lows. The low close came on October 27 at 8,175. The intra-day low came… Read more
Sands through the Hour Glass
The Federal Housing Finance Agency and major U.S. banks are stepping up efforts to modify mortgage loans to keep homeowners in their homes and paying their bills. Read more
A Keen Eye for the Obvious
The silver lining for Monday is that some order is returning to the stock market. Declines aren’t triggering stop-losses and margin calls that send stock prices … Read more
Performance Review