First, I never liked the homebuilders. What's happening out there, the massive sales of existing and foreclosed homes, will keep a lid on prices, and you need rising prices and dramatically lower inventory to make a compelling case for KB Home (KBH) or Pulte (PHM) or D.R. Horton (DHI) or especially Hovnanian (HOV).

First, I never liked the homebuilders. What's happening out there, the massive sales of existing and foreclosed homes, will keep a lid on prices, and you need rising prices and dramatically lower inventory to make a compelling case for KB Home (KBH) or Pulte (PHM) or D.R. Horton (DHI) or especially Hovnanian (HOV).

First, I never liked the homebuilders. What's happening out there, the massive sales of existing and foreclosed homes, will keep a lid on prices, and you need rising prices and dramatically lower inventory to make a compelling case for KB Home (KBH) or Pulte (PHM) or D.R. Horton (DHI) or especially Hovnanian (HOV).

First, I never liked the homebuilders. What's happening out there, the massive sales of existing and foreclosed homes, will keep a lid on prices, and you need rising prices and dramatically lower inventory to make a compelling case for KB Home (KBH) or Pulte (PHM) or D.R. Horton (DHI) or especially Hovnanian (HOV).

Dougie Kass shot me a piece about a possible Toll Brothers (TOL) upside surprise on the horizon, obviously good news, but it doesn't intrigue me as much as the banks, where I anticipate many upside surprises.

I have positions in JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC) and Goldman Sachs (GS), and I want to use the weakness to buy more WFC, as that one could fall below my basis. Why? Because the earnings power of a company like Wells could be gigantic, and because I simply do not believe that the company is in nearly as bad a shape as everyone says.

I have positions in JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC) and Goldman Sachs (GS), and I want to use the weakness to buy more WFC, as that one could fall below my basis. Why? Because the earnings power of a company like Wells could be gigantic, and because I simply do not believe that the company is in nearly as bad a shape as everyone says.

I have positions in JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC) and Goldman Sachs (GS), and I want to use the weakness to buy more WFC, as that one could fall below my basis. Why? Because the earnings power of a company like Wells could be gigantic, and because I simply do not believe that the company is in nearly as bad a shape as everyone says.