You Are in Good Hands

Well I am about out of time for a post once again! Monday's can be rough. At least the Celtics won game 2 of the NBA finals but of course I got sucked into watching the whole thing late last night. Not fun at 5am this morning.

You Are in Good Hands
I don't have much to offer for tonight. I think the market weakness was not good considering what I discussed Friday and Sunday. I think the US bond auctions finish up this week so I would expect a rally after that. Liquidity needs to find a home, yes?

I did notice that the volume on the late day sell off was really low, this is the inverse of the usual pattern. What delicious irony it would be if program trading pumped up a fake market and then walks it back down again. Unreal.

You are in good hands if you use the blogroll on the left. Plenty of great stuff. Some items in particular:
-Tim Iacono reviews the three part series on Gold by the WSJ's Brett Arends. Mr. Arends comes to the conclusion that gold maybe, could be a bubble and offers an idea on options to "play" the gold market. More paper games?

-John Hussman wonders if markets are nervous about the next US Mortgage meltdown:
Markets Aren't Worried About Greece Or Hungary, But Rather The Next US Mortgage Crisis
We should know real soon!

-The Automatic Earth has been very sharp as of late, so stop on in. The site is expecting to revamp and expand their work around the beginning of July, so if you appreciate the site like I do why not throw a few bucks in their donation bin to help out?

-The Housing Time Bomb reviews 2 scenarios for the bond markets going forward. Worth the thought experiment.

-The Evil Speculator has a great post that is very technical in nature. Complete with hilarious video, you should be aware of the TRIN index. The author points out quite a few things that agree with my nervous stance.

Have a good night.