Happy 4th of July!

• It just can't be July 4th again already???  Market thoughts?  I think it gets interesting from here.  Is that a cliche or reality?  I believe the summer correction is very likely this year.  But that it won't be the end of the bull market.
• Transformers movie review?  The basic story is that of the good Autobots led by Optimus Prime who battle the evil Decepticons (led by Megaron) to save the Earth and ultimately (I guess) the universe. Battle began on the planet Cybertron for control of the Allspark, a mystical power cube that would grant unlimited power to whoever possessed it.  Hmm.  Sounds complicated.  But it does have Megan Fox, right?  This is a chance for me to insert the usual comment on Megan Fox (nude, naked, topless, smoking, dancing, stripping, panties, upskirt, up skirt, bra).  How can I pass THAT up?
• If you've been overwhelmed or underwhelmed by reviews of the iPhone that seem to keep reporting the same things, try this one called Saying only new(-ish) things about the iPhone. 
• Bill Cara with some (gloomy) market thoughts.  I have said here before that when these deals (private equity) stop flowing, Hank Paulson and Prof. Bernanke will finally pull the plug on this over-priced market. The greatest transfer of wealth in the history of the world will have been completed, and America will have sprouted its own form of oligarch.  I call it Paulson’s Pride.  Seems to me Bill has been gloomy for a very long time.  Just saying.
• Takeru Kobayashi on the ropes in the 4th of July Coney Island hot dog eating contest?  He's losing as I type.
• 7-11 teaming up with The Simpsons to make real-world Kwik-E-Marts?  I'll take an orange squishie!
• EBAY taking on Craigslist in online classifieds.  The new service, called Kijiji, pits eBay, based in San Jose, Calif., against a company it partly owns: Craigslist, the San Francisco-based company that manages classified ad sites for 300 cities, which attract 12 million new ad listings each month. EBay bought a 25 percent stake in Craigslist in 2004.
• iPhone hype: What's in Apple's future?  (I like his prediction for Apple in 25-26 years!  You gotta read it!)  I think the iPod and iPhone are all about making Apple a household brand, which would lead to more sales of notebooks and desktops.  Just thinking out loud...
• Joey Chestnut beats Kobayashi.
• Make it a good one.  We'll all be at work tomorrow, so keep it easy on the poolside beers!  Hey, does Kwik-E-Mart sell a beer squishie?  Hmm....