- Are stocks really overvalued? Well, bring up a chart of your favorite stock or the Dow, and check to see how far above the 50dma it is. I think there are a lot of over-extended stocks, but there are also a lot of shorts out there. While we don't know when and where, eventually the market will bounce down to the 50dma.
- Christina Aguilera to sing national anthem at the Grammy's.
She's either a glutton for punishment or damn well out for redemption. Either way, this Sunday's Grammy Awards may just have a ratings smash on its hands.. Why not? Who doesn't believe in second chances? But set the DVR... - Spain faces 20% unemployment. Ouch. That's going to be tough. I wish them better times. Maybe they need more empleos verdes.
- Ben Bernanke says unemployment to remain high even after recent drop. Hey, no way 36K jobs caused the unemployment rate to fall from 9.4% to 9%. Lots of folks no longer being counted.
- Lawsuit filed by folks who bought Super Bowl tickets, but didn't get a seat. A lawsuit has been filed accusing the NFL, the Dallas Cowboys and team owner Jerry Jones of deceiving hundreds of fans who bought Super Bowl tickets and had no seats, or who felt the seats were inadequate.. That's been a big story in the news. These folks were screwed. Pay 'em.