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- What happened to the market today? I think everything was going gangbusters until I stepped up to the Subway counter and said "No peperocinis," and then the market tanked. Geez, next time I'll take the darn things. Wall Street is so lame.
- Lets go back to our market calendar. The Fed is done, and we're in August. Not historically a great month. We're in the week before options expiration, which is often times weak. Sometimes we see a low around mid-week and rally into options week.
- No doubt you've heard of the fake pictures used by the media during the Israel-Hezbollah conflict. For a little parody on it, see BlameBush! It seems the photographs, published by Reuters and described as "IDF forces marching across a field of human skulls while firing indiscriminately at civilians", were actually publicity stills of a popular Arnold Schwarzeneggar film with Hasidic Jewish hats and beards crudely pasted onto evil terminator robots.
- Lame GOP campaign slogan of the day from GOP Vixen.
- What would a labor shortage in China mean for the US? I don't think much, because some of that work is already moving to Vietnam. Not that I'm saying folks don't deserve decent wages, but if there are workers elsewhere who will do the same work for less money, that's what will happen.
- Adam's Stop Trading today looks over some real calls from realmoney sluggers Lenny Dykstra and Joltin' Jimmy Cramer.