Last Week‟s 10 Positives

(1) Team Obama wants to get rid of unsold homes. (2) Puerto Rico‟s Governor has a great idea. (3) A review of last week‟s good news for those who missed it. (4) Panic selling and buying getting us nowhere fast. (5) Retail sales coming out of soft patch, while confidence sinks into the mud. (6) China and India are still hot and spicy. (7) Euro-Mess less messy in Italy and Spain for now. (8) ZIRP forever. (9) The tax reform option. (10) Two big worries: Banks and junk spreads. (11) The crisis of confidence. (12) Retailers on sale: Some market weights and a couple of underweights.