The major indices kicked off the week on a strong note, with the S&P 500 hitting fresh highs for 2009, but selling pressure eventually emerged, resulting in a mixed finish. Overall it was a relatively slow week, with earnings season winding down and a small amount of corporate news. We lost 1100 on the S&P both Thursday and Friday. I’m wondering if the bulls will say, “but it’s low volume” when we tag 950. The bulls are still in control, but they can’t afford too much slippage, because the fear factor certainly will kick in to overdrive. The sins of our masters may be starting to catch up to us. I still love materials long.
I hope Geithner keeps his job because there isn’t another human being alive that could be as entertaining. I love his red ears when he gets caught, and only wish I could have seen him stomping his little feet under the table on Thursday. Such a putz. He will go down in a nanosecond when the polls get worse, as managers are always hired to be fired. Enjoy the links.
A smaller Madoff that didn’t get a ton of press, yet a sociopath just the same. My cousin traded for him at Westgate Capital and was just as surprised as the investors.
Quote of the week: “I don’t trust Cisco or John Chambers, I think Ballmer is a putz, Ebay is Web 1.0, Dell makes microwave ovens, and Craigslist at it’s best is for midget porn.” Howard Lindzon
Bloomberg wants to rule the world.
The farce that is global warming, just read the e-mails.
Hedge funds unhinged.
Geithner and his blogger buddies.
7 Things you should know-The Reformed Broker
The Fed, still clueless after all these bubbles.
Buffet’s holdings.
Breitbart to Holder, investigate Acorn or else.
Bill Gross: anything but .01%
Housing recovery is built on sand.
What are the best hedgies buying? Wyeth(WYE) shows up.
The grifters keep coming.
Bartiromo starts a newsletter.
The lolly pop kid on CDS’s and AIG.
Wells Fargo needs to pay up or shut up.
Eric Jackson on John Paulson.
Who said people were bearish?
What strong dollar policy?
Bankruptcy experts challenge Obama’s “too big to fail plans.”
John Paulson’s 8 Secrets
If you never thought you could be an MD at Goldman or part of the Barrons Round table, just read Abby Joe. She must have naked pictures of Blankfein. How does the woman stay employed?
How to make a small fortune; start with a large one.
Schwager and The Market Wizards from Market Folly.
Shilling on the V
LOL, 100x etf’s called SOAR and SINK
Why I’m still short Moody’s, more to come.
One more time with Cramer over a year ago, “Subprime doesn’t matter and we’re making a mountain out of a mole hill”. I just had to . Putz
The world’s most expensive homes.
Recession rich companies that are hiring now.
How Jim Rogers made his first million.
Does our President even listen?
It’s a sign of the times-Kevin Hughes
“New Moon” is just blowing it out.
Trendlines and Retracements reached.
Subscribe here.