Ten links at ten

I'm feeling a little under the weather monkeys, so instead of my usual rant, I figured I'll just give you guys a little weekend reading. Hope you like it. Enjoy.

* The Rotten Heart of Finance ( The Economist ) - probably the best article about the LIBOR scandal so far. Anyone think Barclays is gonna survive this? To say that this thing won't end well would be a spectacular understatement.

* Ten Steps One Should Take To Become A Successful Speculator, from Victor Neiderhoffer ( Daily Speculations ) - this probably isn't for everyone, but nevertheless, I think this should be made required reading for anyone interested in trading .

The weekend wrapup 4.28.2012

Americas:

* DJIA +1.5%, S&P 500 +1.8%, NASDAQ +2.3%

* Another month, another FOMC statement and Q&A. This month's however was pretty meh; little has changed since the March meeting and aside from the Bernank saying that he'll scramble the choppers when shit hits the fan, there's barely anything to go on with this one. Definitely not the statement QE3 fans have been hoping for.

* Meanwhile, real GDP figures for the US have slipped from 3% to 2.2% (2.5% expected). And while personal consumption, home sales, and consumer sentiment figures all jumped to the upside, jobless claims were still pretty high.

The Weekend Wrapup 3.17.2012

Americas:

* S&P 500 +0.6%, DJIA +0.4%, NASDAQ +0.5%, S&P/TSX +0.4%, IPC +0.3%, IBOV -0.1%

* After weeks of testing, Treasurys finally broke through support last Tuesday after the Fed's soft FOMC statement (along with strong retail figures, a drop in jobless claims, the stress test results, and a relatively solid America) sent sidelined investors rushing to reallocate funds. There's still a lot of money in the bond market and if equities continue performing, a lot of dudes will be forced out of their "safe havens". Meanwhile, Operation Twist is a total dud .

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