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Two Ways To Play: Bernanke in da House!


Strengthen your portfolio in good times and bad.


Federal Reserve Chairman Ben Bernanke is calling for the government to step up its efforts in bailing out homeowners. The private sector, he says, isn't able to deal with the crisis on its own.

According to Bloomberg, the "apparent market failure" stems from lenders not modifying loans even in situations where it's in their own economic interest to do so.

In a speech today, Bernanke outlined 4 possible options, including buying delinquent loans and providing more incentives for homeowners to refinance their mortgages. Each option would require "some commitment of public funds."

For another perspective, see Op-Ed: Fed Throws Refinancing Party; No One Shows Up by Minyan Tom.

From the Bull Pen: Is it only a matter of time before yellow metal begins its rally? Bulls can consider the Gold ETF (GLD) sitting on $75 support. Sell stops can be set 2 points from entry.

From the Bear Cave: Whatever happens, housing stocks will likely work their way lower. Consider fading (read: buying) the Ultrashort Real estate ETF (SRS) into the $100 level. Remember to keep those stops in place.

See you at Festivus! Goodnight!

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No positions in stocks mentioned.

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