Comments on Fund My Mutual Fund: Bookkeeping: Selling some Lennar (LEN)

Did you see the comic Freedie Mac earnings release...

2008-05-15T01:49:00.000-04:00

Did you see the comic Freedie Mac earnings release? http://biz.yahoo.com/ap/080514/earns_freddie_mac.html

This crap sounds like its straight out of The Onion.

"If you change the accounting rules, things can look better," said R. Christopher Whalen

They basically changed the rules so loans that are less than 1 year delinquent are... emm, not really delinquent!

Beat the expectations! The stock was up 10% to celebrate this wonderful news.

praveen, I never see any sense in that comment fro...

2008-05-14T14:43:00.000-04:00

praveen, I never see any sense in that comment from pundits

if something goes bad its due to expiration
if something goes good its due to expiration

so whatever happens this week its due to expiration

sdk, we just are going up and down within this same big range - 1370 to 1430. 1420 has been resistance the past few weeks, which we now are at. Until we either clear S&P 1430 to the top or 1370 to the bottom, we just have to say nothing much is happening.

Eventually we will break one way or the other from this long range and the move should be serious. Economic reality would point down; price action/total ignoring of all bad news would point up.

So we'll see how it plays out. I continue to position cautious even though its costing some return this week.

Not a bad idea to sell LEN here. IMHO, we are at ...

2008-05-14T14:22:00.000-04:00

Not a bad idea to sell LEN here. IMHO, we are at the end of this 2+ month rally. When you see momo traders running up anything China, and bottom-of-the-heap junk like CSUN and other small-craps...while BIDU, GOOG, AAPL, and other leaders stall, you know its the end of the line. I'd give it another day or 2 before things really fizzle out.

This "junk rally" has always been a reliable indicator in pinpointing the late stages of a broad market rally.

Can this rally partially due to the "options expi...

2008-05-14T14:11:00.000-04:00

Can this rally partially due to the "options expiration day"?
The inflation report is all "bogus". of course! this market wants to go higher. so it goes up on " not so bad news" like the home builders are doing now.