finally, i just note that the home builders on the kay shiller numbers have been holding up pretty well today. masco, a big supplier company had positive comments here. on the kay shilling numbers. which are showing some signs of stabilization. i don't want to make too much about it. >> let's not forget, we did see positive housing numbers yesterday, too, so the two combined in a row certainly boding well for stocks. bob pisani, so glad you could join us. >> we have breaking news right now from scott cohn. breaking news on allen stanford. >> that's right, trish. this report obtained by cnbc under the freedom of information act, the internal report of the s.e.c. looking into how the matter was handled of allen stanford and the alleged $8 billion ponzi scheme. the inspector general who has been very independent throughout these financial scandals says the agency did not reach its obligation to vigorously pursue the case, but the urgency increased after bernie madoff confessed to his ponzi scheme in september. but this report raises questions, as well. the report says that the s.e.c. effec

that is the s&p and kay shiller home price index.nation's 20 largest cities declined 17% in may compared to the year before. but for the fourth straight month, the pace of decline is slowing. and get this, prices actually rose from the month before. that's the first time that's happened in nearly three years. and this comes as relief to all of those folks who have seen their major investment, their home, the value of their homes, declining. so, yes, that is welcome news. meanwhile, what else are we watching? bank of america. the "wall street journal" says the bank is planning to shrink its branch network of 6,000 banks by 10%. no word on when the closures will occur or where, for that matter. ah, trying to sell high-end handbag ain't so easy in this economy. coach says its quarterly profit fell 30% from a year earlier. they've been cutting back on the amount of higher-priced bags and accessories and revealed the more affordable line late last month. >>> finally, i guess it's a good read. boy, and it will probably make you real mad, t