- I don't think the market action today was that bad. Keeping my longs and beta. The mid-term election year correction and summer slide may be here, but hopefully the major damage is done. Maybe trending now. Maybe folks are just tired of the Fed contradicting itself from day today. I don't think Bernanke really thinks there are big inflation concerns out there at this point.
- Looking for a Satanic iTunes playlist for 06-06-06? Look here at BlameBush!
- Yes, we have to wait until Thursday for the first game of the NBA Finals. Miami or Dallas? I'm pulling for Miami. Shaq. Wade. Riley.
- Barry says Ben Steps Up over at The Big Picture. The options facing the Fed are overtightening and causing a recession, or under tightening and letting inflation getting away from them. IMO, the latter is the far worse option, and the new noise from the Fed is consistent with that... Break out the Whip Inflation Now buttons. But with the core rate just over 2%, hard to imagine why.
- Mark Cuban counters the critics at The Mavs Can't. Sorry, Mark. The Mavs can't beat Miami.
- Jordan Kahn on Inflation - Fighting Yesterday's Battle. I think that inflation has likely already peaked, so these fears are missplaced. This should become apparent as the year progresses, and should boost stocks at some point as well.
- Adam wonders what effect that Cup of Joe might have on him as he watches Jim Cramer on Mad Money: Moderate doses of caffeine can also make you more easily convinced by arguments that go against your beliefs.
- Lets call it a day and head on home...
