The data pertaining to the housing market continues to be strong.  Morningstar offers some nice commentary in regards to this.  Inventories are declining rapidly particularly for new homes.  This should bode very well for the financials and the mortgage market in general. http://www.morningstar.com/Cover/videoCenter.aspx?id=555138 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR...Read More

Momentum seems to be really building in regards to Euro-bonds.  I’ve said it before and I’ll say it again that this crisis will not be resolved without Euro-bonds, and/or money printing from the ECB.  Euro-bonds are the best option out there and deep down are in everybody’s interests, contingent upon there being a central governing...Read More

Hewlett-Packard reported decent earnings this week but the most disappointing aspect of the results was the dismal performance of their recently acquired software company Autonomy.  Sales were down and they are removing the companies CEO already.  This was one of the worst and most value destructive acquisitions that I’ve ever seen because of the ridiculous...Read More

This article wrongfully states that investors are buying credit default swaps on Wall Street Banks to protect themselves.  Realistically most credit default swaps are used as a speculation tool similar to shorting.  The difference is that CDS markets have a lot less reliable liquidity and can easily be distorted by larger traders such as JP...Read More