I still think the short side of the market is going to be the better side to be on going into this fall and winter.
IIG reports today. Although they look like a value, there's a lot of allegations of fraud out there on them. It should be an interesting to watch at least....but I don't think I'm going to play it.
UARM is anoher overvalued target I'll be watching. While it has come down a good bit in the past couple of months, it still has a very frothy P/E of 60 for a clothing manufacturer.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854