Tuesday, June 30, 2009

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Cobra's Market View: 06/29/2009 After Bell Quick Summary. "Because CPC < 0.8, so there’re 81% chances the market will close in green tomorrow and also a firework setup has triggered."

The 10 worst US cities for road rage: "New York City has unseated Miami to earn the dubious distinction as this year’s worst US city for road rage" Marketing Charts

Strong IPO performance tends to indicate a bull market - and the Bloomberg IPO index is up 29.4% in 2009 against the S&P's +1.47%. Market Currents - Seeking Alpha

New High New Low Data - chrisperruna.com

Stock Market’s Rally Likely to Last Into 2010: John Dorfman, Bloomberg. "In all 10 previous cases (of waterfall declines in the US stock market since 1929), the big decline was followed by a basing period, then a rally. In nine of the 10 cases the rally lasted at least a year. In the sole exception, 1929-1930, the market stayed roughly flat. While history doesn’t come with guarantees, the pattern suggests an uptrend continuing at least until next spring."

KFC Redux

Crude gains after oil platform attack in Nigeria, despite bearish IEA report - Go Nigers! MarketWatch

"I am serious now"

Photo of the new leader of the US war on drugs.

Exxon Mobil's Weapons of Gas Destruction. XOM can land Qatari LNG on the US west coast for $2/mbtu. Is their strategy to drive their domestic gas producing competitors out of business, then buy their assets cheaply? WSJ.com

Clean vs. Not-So-Clean Energy: "pairs trades involving clean energy ETFs such as PBW, PUW and TAN vs. XLE, XOP and OIH are one way to play the Washington energy legislation game going forward." VIX and More

4 Reasons Not to Count Out Coal ETF (KOL) - Tom Lydon on Seeking Alpha

Hydrogen-powered car unveiled. Now, if you could only find some fuel for it . . . newslite.tv

Indonesia ETF (IDX): 5 Factors to Consider Before Investing - Tom Lydon on Seeking Alpha

SEC may bring civil charges against State Street (STT). MarketWatch

Chart: US personal consumption expenditures (1950-Present) itulip.com

Good news for a change: at least 12 Michael Jackson fans commit suicide.

Animal rights activists in Shanghai have rescued 300 cats from a dealer who was planning to sell the stolen pets to restaurants in southern China. Nothing To Do With Arbroath

Spring Airline in China To Ask Regulators For Standing Only Passengers. Tickets would be 20% cheaper. Sky News

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