Weekend Reading 8/16/09

The summer is in full effect here in NYC as temps are finally up in the 90′s.   Emotions are also running hot both in the market and over healthcare as the republicans attempt to stop any semblance of a discussion on the topic and the democrats do everything in their power to snatch defeat from the hands of victory (they’re blowing it).  The market is at another inflection point as earnings season is over and the expanding wedge pattern in the $SPY either needs to breakout in a meltup or test support at 850 again.

After reading Street Fighters the Merrill Lynch story is even more interesting and the lasting effects may be profound.

The federal stimulus money and where it’s going in NYC.

The FDIC is bankrupt, but who cares, the banks are insolvent without the government anyway.

China is building a bullet train network, we could learn a thing or two about capitalism from the commies.

High frequency trading 101.

How I artificially reflated the stock market (for now) by one Ben Bernanke.

Don’t bet against Goldman Sachs on real estate, you will always be wrong, even when you’re not.

Take market sentiment for what it’s worth to you.

The toxic mortgage market may be opening up, slowly, but at what price?

What does a rally with no volume mean when half of it is high frequency to begin with?

Get a Nalgene and stop wasting money.

Twitter too big to fail?

Anyone see a trend here?

Americans are pretty ugly comparatively.

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