Money doesn’t talk, it swears. ~Bob Dylan, “It’s Alright, Ma (I’m Only Bleeding)”
Maybe, but it doesn’t have the power it used to. Over the last few weeks we’ve seen uprisings in Egypt, Libya, Bahrain, Tunisia, Sudan and in various other primitive societies. Japan had an earthquake, a Tsunami and found themselves an atom away from a full blown nuclear meltdown. The dollar? Crickets. Actually it went down. Where is that flight to safety like the old days? Gone baby. Dollar ain’t got game anymore. More money has flocked to the sportsbook in Vegas for the NCAA than the mighty greenback.
The dollar better get its giddy up and swagger back soon. A weak buck is one thing, an imploding dollar is quite another. Stay tuned. For my money it’s a coin flip here, but tech leaders are rolling over, see AAPL, AMZN, IBM, VMW, and FFIV just to name several. My short list is on the left and my long list is on the right. Be ready.
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Here are some links to view, as you ponder your navels and your next move in the market. have a great weekend.
Crooks who went Hollywood.
When a “like” is worth more than a “tweet”
Is Russia risky?
Probably the only think Ballmer’s done right in ten years.
Gallup has unemployment at 10.2%
Goldman is kicking 2000 to the curb.
Pennants for QQQQ & IWM?
Once upon a time in Beverly Hills; Carson & deCordova
Christie fires the cheat from, please indict them all for room temperature IQ’s.
If you like Burgundy.