The Obama administration’s latest lifeline to Fannie and Freddie will cover unlimited losses through 2012, lifting an earlier cap of $400 billion. It also eases restrictions on the size of the companies’ investment portfolios. That’s a reversal of the Bush administration’s September 2008 plan to shrink the size of the companies’ holdings of mortgage-backed securities.
The [...]
Continue reading about Short Term Political Gain Over Long Term Prosperity
For those that have not checked it out yet, the The Reformed Broker has compiled quotes from various bloggers and pundits that begin with the phrase “In 2009 I learned that …” Many of them are pretty humorous. Enjoy.
The Reformed Broker has asked various bloggers to finish the sentence “In 2009 I learned that …” His compilation will be up tomorrow. It made me take a step back and think about what I learned in 2009. My response is below.
In 2009 I learned that the fear (or hope) of a one day market [...]
Continue reading about Discounting One Day Stock Market Crashes
On Monday, MacroShares shuttered two ETFs that allowed investors to make bullish and bearish bets on the Case-Shiller Composite-10 Home Price Index.
The Major Metro Housing Up(UMM Quote) ETF and Major Metro Housing Down(DMM Quote) ETF, is the third paired ETF group from MacroShares to close down.
Source: TheStreet
I have added AIG at $31.40. I like the risk/reward profile and the technical picture generally. The double bottom on the 2-year chart is obvious from a technical perspective. Risk can be managed by using the recent low around $27 as a stop out.
As I mentioned with Citigroup, I like the idea of investing [...]
The November-December consolidation seems to be melting up out of its trading range. It shows up on indexes such as IWM and SPY and market leaders such as AAPL, BLK and IBM are starting to take out resistance. While I don’t know how long this move up will last, low volume weeks like this week [...]
There will not be a Sunday night post this week. I’m waiting on 2010. My charting is also limited because Prophet is undergoing some technical issues. I have updated C&C Portfolio Holdings.
Last week I added small positions in MI and PVTB as part of my secondary offering/recapitalization portfolio. I’ll be back in the morning.
CC
The Yarrow, a stalwart hotel amid the glitzy lodging properties that have been built in the past decade, is scheduled to be sold at auction in a trustee’s sale in January, the most recent stunner as the upheaval continues in a Park City economy once thought by many to be largely isolated from national [...]
Another resort hotel is in default. This time it is the Siena Hotel Spa Casino in Reno, Nevada.
The resort’s Lafayette, Calif.-based lender, Bar-K Inc., filed the notice on Dec. 11, citing an original loan of $50 million. In a statement, the Siena said it "has not remained insulated" from the ailing economy.
Source: Mercury News
