What’s Up? – Your Smack Down List- 20, count them, 20 smack downs – you guys are angry – The HULK is on his way; The New Your Times – a phenomenal resource – Charts, graphs and data. Consumer Rights Legislation; Barney Battles Banks; David Brooks on Obamanomics; Tomorrow - Torture


Investor’s411 is sending THE HULK (Movie version above) to Smack Down the following people, institutions, & concepts that you selected. Instead of 10 Smack Downs YOU came up with 20. To see full list of comments & reasoning scroll down on this link.

  1. Alan Greenspan
  2. Hit & run Drivers
  3. Hezbollah
  4. Hamas
  5. Inflating intelligence
  6. Larry Summers
  7. Ahmadinejad
  8. Bush
  9. Cheney
  10. Rumsfeld
  11. Tortures
  12. Junk mail
  13. trashing the environment
  14. Former Senator Coleman
  15. Minnesota going without representation
  16. MN Governor Pawlenty
  17. those who cut education
  18. those who cut health care
  19. N. Dakota sate legislature
  20. those who discriminate

For those of you who missed out on Smack Down comments or thought we missed something - tomorrow’s #1 topic is TORTURE. There will be another Smack Down List next month.

AP photo Scott Appelwhite 

Consumer Rights Legislation

Barney Frank is leading the major consumer rights bill through congress . You can imagine how hard the Shadow Banks & Credit Card Companies are fighting this bill to aid consumers. Obama meeting with big banks today. NYT story

Say what you want about, Barney Frank, but he like Elizabeth Warren is one of the heroes fighting the big money Shadow Banks. No bank(s) owns Barney Frank The Republicans and many Democrats owned by the big banks killed his efforts for consumers last year. Check out his long but enlightening “Great Economic Hole” Speech of 2/4/09

Why the NYT’s is a Phenomenal Resource

* NYT has a graph and interactive chart telling Where Your $ Bailout Money Has Gone 

* NYT has another chart/outline on Our Government’s Total Bailout Tab

* NYT has another interactive chart on Pay at the Top (CEO’s)


Obama’s landmark economic speech is reviewed by conservative NYT columnist David Brooks Also see April 15th blog post on Obama’s speech.

Tomorrow TORTURE

This is the #1 topic among the blogs. Want to lead the discussion? Send in your comments below.


Index Percentage % Volume
Dow -1.04% down
NASDQ +0.i4% down
S&P500 -0.77% down
Russell2000 +0.14% -


Technicals & Fundamentals

Repeat from yesterday -Forget all about the major indexes - What happens to the shadow banks (financials) absolutely dominates stock  trading.

Earning season continues – Markets have already factored in most of the bad news into this earnings reports. Apple and Ebay did hit earnings home runs. UPS struck out

XLF - The ETF that tracks financials (mostly shadow banks) rose +0.91% in decreased volume.  Financials have lead this rally and if they  collapse so will almost all other sectors (see Positions section of blog on XLF) This leading index is the one to watch.

Short Term Outlook -(again a repeat) Second technical chink in the bulls armor appeared Monday – another big volume sell off.  Volume, the #1 confirmation factor of stock price moves. But Tuesday’s bigger volume (for FLX) means we are one again going up on the roller coaster and gives hopes to bulls.

Too early to make a call on which way this may break, but short term traders should pay attention. The Danger signs to watch for - more big price/volume decline  and/or stocks moving lower on no news or good news. Especially in the XLF

Reading the Tea Leaves - Look for a pull back this week or before the governments “Stress Test” becomes public May 4th. 


See Changes in STRATEGY, POSITIONS, & OVERVIEW sections of blog 


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