Among all of the happy talk in the media, all the green shoots and the ever rising stock market, it is nice to see Deutsche Bank come out with such a happy forecast.  Gee, only about half of the mortgages in the U.S. will be upside down by 2011.  That is about double what the current rate is for you sports fans keeping score at home.  Really, check it out.  We couldn't make this up.

I guess that means since bad news is good news these days that we can expe ... Read More

Wanted to do a quick update on where I think we are in these great unchartered waters.  Today the market closed up 96 pts right at 8500 on the DOW.  It seems like things just want to keep going up for now.  I was thinking this morning that the fundamentals may not matter anymore and I am kind of on the fence with those thoughts.  What I mean is we keep hearing about recovery this and recovery that but what is it all really based on?  The market is up over 30% from the ... Read More

Yesterday May 4th was another foray into the unreal.  The market ended the day up over 200 points.  Wells Fargo was singled out as likely needing more capital along with Citi and B of A and lo and behold, their stock shot up over 20%.  I must say I am glad I sat that one out as I would have probably been short. 

Momentum is clearly to the upside, even though it really does not make much sense.  We keep hearing from the financial media that the "funda ... Read More

Wow, what a ride.  I don't know how many of you actually trade in the marktets but if you do you know how crazy it truly is out there.  I guess that is why I am an amateur.  With everything going on you would think logically the markets should be crashing.  It think it was Jesse Livermore who said the market can remain irrational longer than you can stay solvent.  Someone correct me if I am wrong please.  That rings true.  My $.02 is to "stay small" at least ... Read More