Sun 21 Jun 2009
The SPY was finally a little weaker this week, as the range moved down slightly, starting the week at 94, moving down to 91, and closing at 92. This coming week, the levels I will look at are 93 as resistance, and 90 as support.
Some of this week’s links:
An interesting look at the possible moves the Fed will make in the upcoming months. Really good read, this could give you some insight on possible scenarios that could play out.
A clip from 1994 regarding the Internet. It’s funny to hear how it was regarded just 15 years ago. We’ve come a long way in a pretty short period of time.
An interesting article on Bill Gross in the NY Times. I’ve got to side with Barry Ritholtz on this one. I think Bill Gross has had an agenda for too long, and every time he talks you have to wonder what his real motive is.
Goldman Sachs is on track for record bonuses this year. Probably one of the most ridiculous things I’ve read in a while. Nine months ago the company effectively bailed out Goldman by bailing out AIG, and now the company is paying record bonuses? This is absurd.
A little alphabet soup accounting. The Fed is taking on an awful lot of obligations.