US banks, Fannie, Freddie, AIG, Dubai, Greece... let us keep this moral hazard party going.   It's official.

If you are following along at home...

UAE stands behind Dubai
EU stands behind Greece (as they will behind Portugal and Spain)
Japan stands behind itself
The IMF will stand behind the UK
Federal Government stands behind US banks, Fannie, Freddie, AIG
Federal Reserve stands behind Federal Government

The 60-minute trend is up according to the force index indicator. The nasdaq emini is moving above the upward channel that has contained prices since the beginning of February. Prices are testing the January high.  In this situation I am not a buyer.

Every Sunday, The Simple Dollar reviews a personal finance book or other book of interest. You can check out my reviews of hundreds of personal finance books (and other related books of interest) all on one page.

Investor Report: HUD Regulations - Seller financing to buyers is an essential tool for many real estate investors, but proposed regulations from HUD could create big problems.

Earlier this week I asked members to submit the name of the stock that they thought would be the largest heartbreaker between this year's Valentine's Day and the next.

As typical with prior years, I received fewer responses in this poll than any other I do throughout the year. My guess it has something to do with the fact that this is the only time of the year I ask for names of stocks that members think will go down and lose money for their shareholders.