The Monolines Are F#@%ed!
If you had any doubts that the Monolines (Ambac, MBIA, FGIC) were f$%#ed before, well, they should be totally eliminated from your mind...
Fannie Mae: Ouch!
On Friday, we noted that Fannie Mae Looks Like Hell. In the weekend linkfest, we noted the Fortune article about Fannie Mae, as well as...
Fannie Mae Looks Like Hell
Fannie Mae’s fuzzy math: Fortune magazine reported that the lender changed the way it discloses bad loans, which could be masking...
Yeah! We’re #79! (of 83 global bourses)
Over the years, I have been made the case that the U.S. economy is growing ever more slowly, while the rest of the world was...
NYSE Short Interest Hits New High
I am up in Maine this weekend at Leen’s Lodge, courtesy of David Kotok’s annual economic summit/fly fishing event....
Can You Judge a Homebuilder By Its Book Value?
There is a fascinating article in today’s WSJ about a contentious valuation debate: Homebuilders judged by their book value. What...
Are Hedge Funds Ruining Traditional Sentiment Readings?
I love when two articles covering the exact same topic reach directly opposed conclusions. Typically, its not a case that one is wrong...
Relative Short Interest/Total Market Float
NYSE Short Selling rose to yet another high. For the monthly period ended May 15, short interest on the NYSE rose 7% from mid-April....
Short Interest (Again) Precludes Correction
No wonder China’s 4.5% correction had so little impact here: There are a record number of bearish bets made on the NYSE. We had...