Bernanke Sees Improvement

Bernanke is seeing improvement in the financial institutions. I think we will see a few more reports like this over the summer as the Fed sets up to finally address the inflation issue. Due to the elections the Fed will be afraid they might be seen as trying to influence the outcome so they will hold off on interest rate hikes. If the "good news" comes earlier we may see hikes sooner and then a lull during the election. Be sure to watch Wednesday's CPI report.

This Says It All

These doesn't have anything to do with trading but they are hilarious, I mean really, how do you pass up a Monty Python reference.

Or a Stuart Smalley reference...

Enjoy!!!!

Citigroup Fire Sale!

Everything must go at Citigroup, well almost everything.

Cool Pen and Cool Technology

You may have seen this spotlighted on CNBC about the company called Lightscribe that has produced a smart pen. Basically, it is a very, very small and smart computer.


Even though this company isn't public yet, there are a lot of possibilities with this type of technology. Apparently, the owner of Lightscribe use to work for Leap Frog Fly division of the Leap Frog company (that company that your children know about even if you don't.) You write on the special paper and it is stored on the internal hard drive plus much much more. You can read about it here.

Cornerstone Growth

Using similar criteria to Wall Street legend William O'Shaugnessy's Cornerstone Growth Fund I look for undervalued stocks in strong industry groups showing long-term relative strength. Check them out:
CALM - Uptrend with momentum, 10.5% dividend yield
AKS - Support bounce off a 30-day moving average
KOP - Pennant flag break out, 1.86% dividend yield
CQB - Support bounce off a 30-day moving average
FLR - Support bounce off a 30-day moving average beware of $170 as resistance but allow room for a break
ACU - Retesting an ascending triangle
BG - Support bounce
WMT - Pulling back look for a bounce or bull flag, 1.64% dividend yield
NM - Broke resistance w/ volume, 3% dividend yield
GSI - Awesome fundamental stock, Bull flag for a target of $13.50 in the short-term but don't be afraid to let it run
MEA - Forming a bull flag as it is retesting a major resistance break from last month
MAN - Last 6-months has been consolidating and reversing now making a higher low

Spider Surveillance

Another awesome Star Trek type technology will soon be available to for Military purposes. Check out the new Spider Surveillance tool. This new technology is being developed by a small over-the-counter company by the name of BAE Systems (BAESY.PK). The long-term trend is up but the stock is currently consolidating in a sideways trend, fundamental data is sparse.

Buffett's Credit Crisis Insight