15 MAY 2011, Sunday

• "Up yours Wall Street!"  I love it.
• What a crazy week with multiple margin hikes across various commodity sectors which completely annihilated some folks, no doubt.  Just another demonstration how the game is rigged.  Anyway...
• On the daily, stock market is now sideways as far as I'm concerned.  Could go either way or just screw around for awhile.  Check the charts in the sidebar.  It was a screwy week and a major bull bear battle is going on.  I prefer to avoid these clash of the titans.  
• So, instead...Sunday reads for your consideration if you are only bullish, this may present some thoughts for your consideration.  It is sideways, and I have no clue.  All I can tell you is that I didn't see any clear situations at all last week.  Anyway, here ya go...
• Possibility of a market top?
• Bernanke...meet Mr. Rock and Mr. Hardplace.
• Pros are buying puts...comparitive history.
• Possible warning signs.
• None of the above means that it goes down immediately.  Add in the old "Sell in May and go away" or, sentiment picture from my last post or, QE2 goes away in JUN 2011 (QE1 went away in MAR 2010....see how that went), and it all makes me very nervous right here.  
• What I can tell you with complete certainty is that I will not be long if the market crosses the 90 DMA to the downside and stays below it...no matter what until the Fall.  Above it...consideration will perhaps be taken.  But, I will not tolerate below it, at all.
• One more reminder for our recent and future college grads regarding tuition costs...you had better think long and hard about your choice of majors, below...
• The College Debt Bubble conspiracy.