Have a laugh...need a laugh

[Entendance]

One can't help but laugh at headlines touting a huge 23.% jump in new home sales given that the "jump" was to the second worst month in history, dating back to 1963...

Given that housing leads recoveries (more specifically housing starts followed by new home sales), this is another nail in the coffin that suggests there has been no recovery except in financial assets. Moreover, that financial recovery is only a result of unsustainable stimulus that is now quickly fading into the sunset.
http://tinyurl.com/3xco7hj

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[defio70]

Tim Geithner: "Welcome to the Recovery"
http://tinyurl.com/2u28dg3

Tim must go
viewtopic.php?f=17&t=735&p=11732#p11732

[Entendance]

Cramer: ‘Fed Said Good Things—Buy’
http://tinyurl.com/37c4ja3

and...Cisco CSCO revenues looks a little light...lol





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[defio70]

...the long-term volatility of equities is going to continue to rise, I think, as it has been rising of late. (Does anybody have a dataset here? I’d love to see a chart of at-the-money implied 10-year or 15-year volatility for the S&P 500, and not just because it has important implications for Warren Buffett’s equity puts.) The implication of that is that the “long run”, in the concept of “stocks rise over the long run”, is going to continue to get longer and longer. It’s clearly not 10 years, any more, or even 15. But how long is it? 35 years? 50? And at what point is that long run so long that it’s of practical purpose to pretty much no one?

http://tinyurl.com/3xk5dpo

[defio70]

BP and the Government Are Underplaying the Difficulty of Stopping the Oil Leak

http://tinyurl.com/32v7qwy

[defio70]

Iranian media warned after paper calls Carla Bruni-Sarkozy a 'prostitute'
http://tinyurl.com/38halz9