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!
Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter