Economy Sinks As We Save The Bankers

From Fleck's latest...

one "solution" that's no solution at all is trying to put a floor under home prices.

The problem is, home prices in America are still too high, relative to average income, and the average income is going down.

So, trying to "stabilize" home prices is (a) impossible and (b) a complete waste of money.

I believe the credit crisis is probably in the eighth inning. The economic crisis is still taking batting practice.

Any market rally we see is almost certain to be transitory.

And while it may be tradable (depending on the setup and the skills of individuals), it will not be something you can buy and forget about.