Weekend Linky Dinks-RIMM Bombs and Jobs Are Better

The Dow and S&P 500 posted solid gains in relatively subdued and low volume trading during the holiday-shortened week. Eight of the ten sectors gained, led by energy (+3.8%), materials (+2.4%) and utilities (+2.0%). The two lagging sectors were consumer discretionary (unchanged) and technology (unchanged). RIMM dropped 10% from Monday’s high on a less than stellar report.

162,000 new jobs were created last month, about 48,000 of them were issued by the Census Bureau and Mother Government and the real rate actually rose if you count M&A bankers that are now asking you if you would like Cheddar or American cheese on your burger.

A nuke could probably go off in Times Square on Sunday and after a small gap lower on Monday morning,we would close the day in the green. We continue higher with sugar plums and marshmallows beneath our wings with zero rates as the ultimate catalyst. Oil popped last week and in my opinion will go much higher. Steel and iron ore are bullish too-for now. Apple looks like $250 and RIMM looks like $60. The beat goes on.

Have a great weekend and enjoy the links

How big banks are looting Main Street with the same deals that brought down Greece.

30 million people.

Cooperman thinks higher.

An oldie but goodie, Milton Friedman on the Road to Serfdom

Really, what’s with the VXX?-Adam Warner opines

Being John Malkovich sucks.

Verizon joins CAT, AT&T and DE with massive health care write downs-ouch

Yup, you pay this troglodyte$170,000 a year.

Lower big apple real estate takes a hit.

The wireless glove mouse may be coming.

Rahm Emanuel said the ‘Constitution was “overrated” this guy cares nary a wit. I feel so fuzzy and proud.