Newsletter

[email_link] Penn State’s internal investigation released a final report Thursday describing how the University’s top officials ‘repeatedly concealed critical facts’ about former assistant coach Jerry Sandusky’s sexual abuse of young boys for over a decade.  The report was spearheaded by former FBI director Louis Freeh who was hired by the school’s board to lead the nearly-eight-month…

Well…a bunch of things reversing…with some things strong. But still a lot of damage being done unless the nasdaq and russell reverse. As of this second, dow is masking things as MRK,PG and CVX making things better but no doubt, market is trying to defend its turf here.   Underneath the surface:   Housing remains…

Nothing to do here…market gapping down big here…not even sure why. The market gets a chance to defend itself with this gap to the downside. Will be watching to see if it can reverse. If not, expect IBD to go MARKET IN CORRECTION. But that really doesn’t matter as more and more names breaking support/moving…

[email_link] Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts on Wednesday designed to slash 65 billion euros from the budget deficit by 2014 as recession-plagued Spain struggles to meet tough targets agreed with Europe. Continued SOURCE: http://www.cnbc.com

Really not much to add here…more names slip, sliding away. Another suspicious save at the close. I can talk markets but it doesn’t matter. Leadership is heading south. Many recent breakouts have failed…and some miserably. If you stopped out of aapl breaking 600, you made decent cheese. Of course, it rallied back above. If you…

[email_link] Infographic by AccountingDegree.net

[email_link] A country running massive deficits with interest rates down at zero. HMMMMMMM! Historical Charts of Interest

[email_link] San Bernardino on Tuesday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation had become so dire that it could not cover payroll through the summer. The unexpected vote came at the suggestion of the interim city manager, who said the city faces…

I am not making this up. Put my head down on pillow last night at 745 pm…and woke up at 630 am. I guess I am still on Europe time. I didn’t even get a chance to scan last night…but will start scanning in 5 minutes But really dont need to scan. The “forced: follow…

[email_link] We shall see…but I must tell you. Whenever a company hits the front cover, time to get the ears pinned back. But with LinkedIn, this is a newer company with an $11 billion market cap with about $600 million in sales…and trading over 200x earnings. We’ll be watching! LinkedIn’s chief executive, Jeff Weiner, doesn’t…