The Big 3: Carry The Dollar Trade to the Trash, Let the Bear Market Come to You, And All We Want: Honor Thy Contract

1. Carry The Dollar Trade to the Trash

2. Let the Bear Market Come to You

3. All We Want: Honor Thy Contract

1. If you’re a big bank who can now borrow money in the US at zero percent, and you’ve got branches in other countries where the government pays 5% interest, then you have an almost guaranteed money making set up. They tell us that we need more money in this country…then why are we creating incentives to make money leave this country.

2. Hovnanian was up a whopping 22% today and if you happened to have perfectly timed buying that stock as it kept hitting all time lows last month, down 95% from its highs, you might actually have some profits. That’s not good risk/reward trading. It’s a bear market. And it will be til it’s not. And neither you nor Ben nor Hankie can change that.

3. Real headline of the day: “Fannie to Protect Renters from Foreclosure”. I want to be clear that I don’t actually want any Fannie giving us renters and savers any so-called protection. Just make people honor their contracts and leave us alone!