Feliz Cinco de Mayo!

• Why not start off this Sabado Mas Grande with Dafne Molina?
• As if Americans needed another reason to head out to a Mexican restaurant. 
• Market timing has become futile, as the DOW is obviously never having another down day again.  This is where buy and hold beats market timing hands down.  I think we know how rallies like this end.  We'll have 2 or 3 huge down days in a week that reverse the gains for the last 2-3 months.  But trying to pick the top has been a losers game.  The SP500 closes in on its all-time high of 1527, and it'll be interesting to see what happens then.  The Nasdaq is not even close to its 2000 highs.  Eyes will be on John Chambers and Cisco on tuesday.  We also have Ben Bernanke's comments on the calendar.
• The Confused Capitalist thinks the next Fed move will be up, not down!  That'd tip the apple cart a bit, don't you think?  Here we have the GDP below trend at 1.3%, new jobs being added way below the 150K "just right" number to absorb population growth.  I think the Fed rates are too high.  So if the Fed comes out hawkish, this could upset things.  JMHO!
• Still top 11% in the CNBC stock gambling contest, FWIW. 
• How about those Golden State Warriors?  I loved to see Mark Cuban's Mavericks go 67 wins when it doesn't count and then just get smoked in the playoffs in the first round.  Adam weighs in on the link between Baron Davis and Jessica Alba.
• Warren Buffet says subprime crisis is no big deal.  "You'll see plenty of misery in that field. You've already seen some," Buffett said. "I don't seen a big impact on the economy though."  I agree with WB.  I also don't think the government has a role in bailing out people who made bad business deals.
• Keep an eye on the French elections.  Quite emotional over there.
• Dark chocolate sales on the rise.  U.S. dark chocolate sales are anything but bittersweet, as its much-touted health benefits and mass marketing introduced by companies such as Hershey Co. and Lindt & Sprungli Co. Plc. turn the product into a popular, guilt-free indulgence.  A 49% jump in sales!  I do eat some here and there.  I always have.  Love it more than the milk chocolate.
• Liberal Larry weighs in on the Bush veto of the Iraq withdrawal bill.  Bush’s illegal and immoral veto of a bill that would finally end his illegal and immoral war sends a dangerous message to our troops that not only is the war winnable, but that their congressional leaders are a bunch of limp-wristed surrender monkeys as well. Such disrespect for the Legislative Branch of government is par for the Shrub’s fascist course, but in a time of war (even an illegal and immoral one) it is vitally important for the leaders of this country to show a unified front. Bush’s abuse of his illgotten veto powers may raise doubts in the minds of our GI's that Harry and Nancy are actually calling the shots here.
• When will they stop calling Oscar de la Hoya "The Golden Boy?"  Big fight tonight between he and Floyd Mayweather.  I don't mind sucking down a few Coronas on fight night, but I won't be watching this one.  Should be fun, though.
• Howard on yesterday's rumored Microsoft and Yahoo merger.  My thoughts?  Probably a good fit if you think about it.  I heard somebody say that MSFT is good at monetizing, but not getting the page hits.  While YHOO gets the hits, but has a tough time making money from it. 
• Herb has the latest on Blockbuster vs. Netflix.
• Murdoch WSJ from Barry Ritholtz.  Naked NYSE cuties on page 2!  Hey, that might increase their online subscriptions.  Also check out the bull/bear ratio.  Personally, I don't respect the AAII survey as much as the Investors Intelligence survey.  And prefer a moving average of the put/call ratio.
• Windy here today.  I lifted weights this morning and was thinking about heading out skating, but HOO HAH the wind is going about 30mph.  Which would be a lot of fun in one direction, and less fun in the other.  Ah heck, why not?  After all, President Bush came out this morning urging Americans to exercise more, right?
• Make it a great one today!