Debt is plentiful and cheap. There's egregious use of leverage. And you have the introduction of a new class of buyers that artificially buoys demand and inflates prices.

Focus debt payments on the credit card, then the car, and then the student loans -- always pay your loans in interest rate order, not in order of balance size.

I vividly recall Charlie Clough being fired in early 2000 coincident with the market top. He was wildly bearish. Nobody has ever accused brokerage management of having good timing.

The inventory of unsold homes has been building in the past four or five months - which is not surprising, as affordability has gotten stretched and stretched, and creative financing has grown more absurd.

It's really getting treated with skepticism. Investors have turned in their rose-colored glasses for accounting visors.

The company faces the dual challenge of lower power system orders and a likely hiatus in jet production.