January housing numbers have been pretty terrible.  Recent articles discuss the “unexpected” downturn in home sales:

Housing Recovery Looking Shakier Than Expected
Existing Home Sales Miss estimates by 10%

With that said, I don’t really pay too much attention to month by month numbers.  That goes for any economic indicator.  For example, are we really suprised to the upside and downside every thursday morning with jobless claims numbers?  It’s ridiculous.
I’m bearish on housing because I take a step back and look at it from a high level.  What I see is that home …

Well, the market had another big up day on a Monday.  Every Monday now it seems has huge gains in pre-market and then they tend to hold the gains.  So, be sure to buy every friday and sell into the Monday run-up (I’m kidding).  Anyways, on to the reads of today…
Ron Paul on the Fed’s bizarre spending habits (Zero Hedge)
Something very strange is happening with Treasuries (Seeking Alpha)
Market would be lost this year without mergers (Yahoo)
Is it wrong to hedge your company’s shares? (Darwin)
ABCNews closing physical bureaus – more evidence …

Palm, Inc (PALM) is an interesting story.  The stock has taken a beating in recent days due to an acknowledgement that they simply aren’t selling as many of their phones as analysts had hoped.  I believe that PALM is not a good investment by any means, for a few raesons that I’m going to outline here.
The Strategy
PALM’s stock was trading terribly for a long time.  Then, when they finally announced details of the upcoming Pre phone, it seemed like the stock had a resurgence and moved significantly higher (the stock …