- The Long-Short model still is on a buy on the QQQQ, but it is nearing overbought territory. Still on the sell for GLD, IEO, and USO. IEO and USO are especially oversold here, so I'd imagine a bounce is coming but will keep an eye on the model.
- I am still only "paper trading" this model. Virtual trading, that's all. In real life, I remain 100% long. None of this is a recommendation, of course.
- Thinking about the fall in oil and the rally in stocks, I wonder if the speculative money that was in oil is looking for something else to speculate in? Real estate isn't there yet with high inventory numbers. Commodities have crashed. Maybe the speculative dollars are coming back into stocks. Just a thought.
- You can follow me on Twitter. Oh, and the blog, too.
- In Beijing, Michael Phelps set a record in the 400-meter. Woot!
- Market sentiment update from Headline Charts. Look at the bull-bear ratio on the Investors Intelligence survey. Holy smokes. (No smoking picture today, the air in Beijing is polluted enough).
- The Barack Obama do it yourself Hawaiian certificate of live birth (COLB) kit! Sure to be a hit this holiday season!
- There is a huge net storm over Barack Obama's birth certificate, whether or not it is a fake, and if he's eligible to run for President or not. Or if he's the antichrist. LOL.
- From Mish, Marc Faber is bullish on the US Dollar, and bearish on commodities. And there's a video!
- The NFL Network is televising pre-season games back-to-back-to-back all weekend long!
- Daily Speculations has Mr. Market is the Trickster!
- Buy on the Dip with Apple store happenings in La Jolla. Long lines for the iPhone. SOLD OUT.
- I'm not checking NFL scores. I'm recording some of the pre-season games on the DVR. Something to do tomorrow. LOL.
- Barry Ritholtz on the Least Trustworthy CEO on Wall Street.
- Cool mobile Twitter tools for a Windows Mobile phone? Twit Today lets you "tweet" from the Today screen without launching an application. Very nice. Twitterfeed logs your blog entries on Twitter via your RSS feed. Sweet. And Tiny Twitter is an application that lets you follow updates, post your own, etc. Noice!