Chewing on the Sound Bites

Editor's note: Alan Farley will analyze his technical charts and provide his analysis on which stocks and sectors could pay off at the '09 at TheStreet.com Investment Conference on Saturday, Oct. 25. Click for details.

Everything has come to a screeching halt while we wait for Congress to serve up the latest dish of salvation or doom. My poor head is spinning around in the void, digesting the chaotic events of the last two weeks. In other words, it's time for another round of feverish sound bites on Wall Street, Main Street and those bad boys on the Potomac.

Selfish Pragmatism: I don't care how much a bailout package costs as long as it stops that feeling of dread I get every day when the opening bell rings on Wall Street. To me, that's worth at least $2,500 for every man, woman and child in America.

SPDR Homebuilders Trust (XHB)

Click here for larger image.

Source: eSignal

Housing Sector: Homebuilders are hanging tough after the big selloff, but the charts have degenerated into pure chaos. Higher highs and lower lows on the SPDR Homebuilders Trust (XHB Quote - Cramer on XHB - Stock Picks) make any trade in the group -- long or short -- extremely dangerous.

Raising FDIC Limits: Why has it taken so long for politicians to address the biggest no-brainer in this financial crisis? Want to stop a bank run? Insure that depositors are protected if the institution falls off a cliff. Duh!

It Isn't All Bad News, Part 1: More than half of the hedge funds operating in 2007 could be gone by this time next year. That cash is likely to move back into more traditional investment vehicles and reduce day-to-day volatility.

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