Green River

Hedge funds blowing up, credit spreads widening, SPX below 50-day MA. Just what the doctor ordered to put some volatility back in the market. Like I prevously stated, all the sideline cash is in, so there should be less support and more time in this correction than the last 3 or 4 we have seen over the past 2 years. My guess is a nice downdraft occurs after the Fed meeting. Hey, they need someone to blame it on.

Hearing a huge 4-way trade in NBA. Does it really matter?

Video Killed the Radio Star

Just imagine this, your favorite broadcaster decides after years of being on the sidelines, analyzing the game, he could jump right in. I mean what if Howard Cosell jumped in the ring to fight Larry Holmes, or Jim Nantz became the next coach at Kentucky, or Matt Lauer was running for mayor of New York. Sounds funny, but it is happening on Wall Street. Yes, one of the long time market cheerleaders, Ron Insana, is building a fund of funds. Because of the 20 years spent reading news reports of what analysts said, CEO interviews, and having lunch with money managers, makes him the right man for the job. I guess we can all go short now, since this is definitely a sign of a bubble in the markets. Moops.

As they Mets take a month off from playing baseball, I am looking forward to the pre-season hype for college football. Here in Austin, its all Longhorns, all the time. I think Colt McCoy has a good chance of getting back into the quick pass offense that he was successful with last season. The rest of the Big 12 seems weak, so it should be another BCS bowl for Coach Mack Brown.