Thursday cinema & library (updated 1030 pm HST)

Blogs

(new) Zero Hedge: Caution: Another gold margin hike imminent (Aug 25)

(new) Jake Gint: Hello darkness my old friend (Aug 26)

(new) Jim Sinclair: Selling against the angels expected (Aug 25)

> "For heaven's sake, stop barfing into weakness. Stop selling weakness and buying strength. That is a kindergarten type error."

(new) Monty Guild: Market commentary (Aug 25)

(new) SGS: WWSD (Aug 25)

(new) Le Fly: Prepare to get (Jackson) holed (Aug 25)

(new) Le Fly: The great showdown is near (Aug 25)

(new) Le Fly: Position update: GSVC (Aug 25)

(new) Le Fly: The Buffett deal is defensive (Aug 25)

Chris Duane (Silver Shield): Silver Shield's final warning (Aug 25)

> "We are on the knife's edge of a major shift that will make silver untouchable if you do not secure your metal right now."

Turd Ferguson: (pm) Looking better (Aug 25)

> Charts Gold Dec 15-min | Gold Dec 4-hour | Silver Sept 15-min | Silver Sept 4-hour

Turd Ferguson: (am) This ain't horseshoes (Aug 25)

> Charts Gold Dec 3-hour | Gold Dec 6-hour | Silver Sept 8-hour

Vlogs

H1INC: Warren Buffett: The retarded fuckery continues (Aug 25)

James Turk: Peter Spina interview at GATA (Aug 25)

APMEX: What will Fed chairman Ben Bernanke say tomorrow? (Aug 25)

Endless Mountain: Trading in paper rectangles (Aug 25)

Endless Mountain: Three silver charts I rely on the most (Aug 25)

Storm Clouds Gathering: Why we left the US (permanently) (Aug 25)

george4title: Sacramento powder coating company APC interview (Aug 25)

Christopher Greene: Buffett Bashing 101 (Aug 25)

Christopher Greene: Buffett strikes again! (Aug 25)

Keiser Report: Chris Martenson (Aug 24)

Wide Awake News: The 'LIE' of the storm (Aug 24)

Christopher Greene: 'The End of America' a tale of deception and misinformation (Aug 24)

Scrap Gold Business: Gold falls - Is gold and silver being manipulated? (Aug 24)

Audio

Reports
Rick Munarriz: There's no place like Zillow (Aug 25)

Video

Fox: Schiff: 'Bernanke is going to keep printing money!' (Aug 24)

Blog commentary

Metal bling

Alexiscom1: 999 silver bullion coins for UK, Canada and US (Aug 25)

Buffett can't save the banksters

4:06 am (Hawaii) No matter what "they" do, they can't save this market while it is still filled with toxins. Buffet has purchased, what, five or six billion dollars worth of BAC preferred shares. This prolongs the inevitable, but for now, that has most financials in green this morning. Yet, the indices have drifted from break even to negative. I have no hate for Buffett. In fact, I'll be thanking him maybe. FAZ is now down to 56+ and once it hits 55, it'll be at support. 55 is where FAZ drifts to before some Euro bank craps out a load of bad news once every two or three weeks.

Not planning to automatically buy FAZ at 55, but now that price is on the radar thanks to Buffett, I'm keeping a close eye on it.

Gold and silver are down again, and I don't even care what the spot price is. I'm all cash, saving in physical and not selling that. DZZ was at 4.90 or so after hours yesterday, was at 4.95 in premarket today, and has gone as high as 5.19 already. Now at 5.04.

DGP (60.87) and AGQ (206.09) are at attractive levels, but that's not enough for me to scale in yet. I'm content to wait through tomorrow's Jackson Hole bizness. The lack of stress from being untethered to this space alien machine market is refreshing.

Weekend cinema & library (Sun night update)

Maui Film Festival

12:53 pm (Hawaii) Mr. Obama isn't happy, not at all, with the posturing and grandstanding by both parties. Boehner walks, Obama calls the stubbornness "inexcusable" and the aftermarket is reacting. AAPL is down from 393+ to 391.00 in the past 30 minutes. AGQ has climbed from 215 to 217. DGP has climbed above 53 to 53.22. None of this is on huge volume; short-term traders made their adjustments.

Longer term, the deal gets done by those wacky politicos. Longest term, the dollar melts down to nothing, a new currency backed by some combination of commodities arises, and those long physical metal survive intact.

Video
(new) RT: Max Keiser: Obama financially lynched by a racist GOP (July 24)

MSNBC: Debt deal still in limbo (July 24)

Reuters: Obama prepared for 'tough choices' on debt (July 22)
CNBC: President Obama: Debt and the economy (July 22)
CNBC: Investing in gold (July 22)

Reuters: Gold going up - Reuters precious metals poll (July 22)

Bloomberg: US dollar coins deserted as debt burdens Congress (July 22)
Reuters: Verizon misconnects with iPhone (July 22)
Yahoo: 5 consequences if America doesn't raise the debt ceiling (July 22)
Yahoo: David Walker's plan to 'restore fiscal sanity' (July 22)
CNBC: IPO insiders and On the Radar (July 22)
CNBC: Pigskin playbook (July 22)
CNBC: Recycled stocks with Herb Greenberg (July 22)
CNBC: The China stock boost (July 22)
CNBC: Reality check: Borders (July 22)
CNBC: Cashing out at Coinstar? (July 22)
Reuters: European Goldfields chairman on new permit, gold price (July 19)
> CEO expects $1,750/oz in gold soon
Bloomberg: Buffett says 'bet heavily' against double recession (July 8)
Bloomberg: Data mining: Twitter, Facebook and beyond (June 16)
Bloomberg: Social media: Connecting to customers (Mar 31)

Vlogs
(new) SGTbull07: Bill Still, part 1: 'A gold-backed world is a terrible mistake' (July 24)

(new) SGTbull07: Bill Still, part 2: Debt-free govt-issued money = sovereignty (July 24)

(new) stellaconcepts: My thoughts on Hong Kong silver exchange (July 24)

(new) Bill Still: US Debt Limit (July 24)

(new) endlessmountain: A year and a half ago (July 24)

(new) endlessmountain: Fibonacci retracement, part 2 (July 24)

(new) george4title: Natural sustainable living (July 24)

(new) george4vlogging: Re: Becoming a ghost (July 24)

(new) PastorDowell: Silver, real historical news site, prepare, position (July 24)

(new) Alexiscom1: US debt, Greece debt, yuan, China, oil, gas prices (July 24)

(new) RonnieSooner: 3 reasons to start your home garden (July 24)

(new) silverfuturist: Silver to make a move soon? (July 23)

(new) ScrapGoldBusiness: Video 1 (July 23)

(new) endlesssmountain: Leveraged ETFs - How your portfolio would look in constant shorts (July 23)

(new) TheWeeklyTelegram: Silver target: $250-750 per ounce (July 23)

(new) NewAmericaNow: Monsters of Anarchy - Post-Collapse Security Considerations (July 23)

(new) wafdawg: Gold Silver GSAT (July 22)

(new) visionvictory: An honest look at the debt ceiling debate (July 22)

(new) stellaconcepts: The next big investment after silver (July 22)

(new) SGTbull07: Alert: Money magazine overt subliminal 2: Gold is Money! (July 22)

(new) streetmoney21: Silver set for a nice jump as Congress finishes a 3-legged dog & pony show (July 22)

(new) BrotherJohnF: Silver update - Debt ceiling charade (July 22)

(new) drutter: Forty freaking dollar silver! (July 22)

(new) proteanview: Fear Factor (July 22)

(new) ScrapGoldBusiness: Out on a limb: My gold and silver predictions (July 22)
> "What happens if the Dow goes to 7,000? Where does that leave gold and silver?"

(new) SilverMapleLeafs: Where in Utah can I use my silver? (July 22)

bigdad06: Checkmate! (July 22)

(new) 1beinki: Interim president Tim Turner, update on Republic (July 22)
endlessmountain: The Silver Log - week end (July 22)
endlessmountain: Fibonacci retracement - intro (part 1) (July 22)

Alexiscom1: Silver report (July 22)

SilverGoldSilver: NIA's GRO trading (July 22)

VictoryIndependence: You are running out of time, fiat currency collapse will be epic! (July 22)

Randytooth: Time to flip silver for gold? (July 22)

TheWeeklyTelegram: Silver manipulation stories getting out of control (July 22)

Wide Awake News: Burning collapse (July 21)
Kitco: David Morgan on the Utah Coin Act (July 20)
Larry Edelson: Huge trap? (July 19)
> Edelson: Silver drop to 26-30 may coincide with agreement on debt ceiling; blue-chip stocks will behave like commodities; positioned to buy below Dow 12,000 because 15,000 is coming
Sean Brodrick: This metal is outperforming gold 3-to-1 (July 19)
> Brodrick: Silver a buy on pending debt ceiling pullback
Tony Sagami: Seoul, Korea: The first stop on my Asian profit hunt (July 16)

Bill Still: Iceland, Ireland (June 22)

(new) SHINOBIKAGE: How much silver is enough? (Apr 24)

2minstral: Crash of the monetary system, war and a choice (Nov 28 2010)

GoldSilverMedia: Gold dinar and silver dirham (Aug 1 2010)

GoldSilverMedia: Bill Murphy (GATA testifies to CFTC (part 1) (part 2) (Mar 25 2010)

(new) GoldMoneyNews: James Turk GATA 2008

Audio
(new) King World News: Weekly Metals Wrap (July 23)

(new) King World News: Pierre Lassonde (July 23)

(new) King World News: Peter Schiff (July 23)

(new) King World News: Rick Santelli (July 22)

(new) King World News: John Embry (July 20)

(new) King World News: James Turk (July 19)

Reports

(new) Israeli National News: France ends ban on arms trade with Israel (July 24)

Business Insider: EU debt restructuring leads to bailout euphoria, silver to double to $100, says Citigroup (July 22)

CNBC: House speaker Boehner withdraws from debt talks (July 22)

Bloomberg: Boehner says debt deal 'not close' (July 22)
Bloomberg: Default now or suffer a more expensive crisis later: Ron Paul (July 22)
Bloomberg: Apple said to consider making an offer for Hulu (July 22)
ABC: Oslo explosionn: 7 dead as pair of blasts rocks Norway govt buildings (July 22)
AP: Apple considering Hulu bid (July 22)

Bloomberg: Silver may rebound to test $100 level, Citigroup says (July 21)
Reuters: Asian investors stricken by gold fever on record price (July 21)
The Telegraph: 34,000 police jobs to be axed (July 21)
Wall Street Journal: Millennials make millions (July 21)
> myYearbook.com sells for $100 million in cash, stock
AP: US mulls sanctions against Iceland (July 20)

Forbes: Gold is truth, unchained CPI leads to a dog-food diet (July 20)
Main Street: A world without Apple (July 19)

Blogs
(new) King World News: Louise Yamada: Expect $85 silver, tremendous inflation (July 25)

(new) Zero Hedge: China, Iran to bypass dollar, plan oil barter system (July 24)

(new) SilverGoldSilver: Peru mining update (July 23)

(new) David DeGraw: Homeland Security Alert: Paulson enters deficit talks (July 23)

(new) Turd Ferguson: Ultraviolet (July 22)

Le Fly: 60% cash (July 22)

Turd Ferguson: Quick update (July 22)
Jeb Handwerger: The Greek canary sings: Are gold, silver investors listening? (July 22)
Arthur M.M. Krolman: Accidentally conceived in 1971, gold money baby now due (July 22)
Vedran Vuk: An undercurrent to gold? (July 22)
Jeff Clark: Amazon vs. City Hall (July 22)
Mike Larson: Don't ignore the fact that financial stocks are tanking (July 22)
Przemyslaw Radomski: Where is the precious metals sector headed now? (July 22)
Keith Fitz-Gerald: China's new futures market bullish for silver prices (July 22)
Economic Free Fall: Dollar, gold and silver (July 22)
Golden Truth: The truth about gold is seeping into mainstream media (July 22)
Gold Report: Bob Moriarty: Triple-digit returns predicted (July 22)
> Moriarty: Risk of deflation is enormous, gold could drop to $500/oz, but might buy 10 times as much as it does at $1,600/oz.

Bill Bonner: Debts make a deal (July 22)

Addison Wiggin: The path to debt in America (July 22)

Bill Bonner: 100 basis points to Armageddon (July 22)

(new) Michael Pento: Debt Ceiling Myths (July 21)

Bill Bonner: The costs of printing money (July 21)

Addison Wiggin: The gold-oil ratio and other reasons gold is still a buy (July 21)

Joel Bowman: The trickiest characteristic of sound money (July 21)

Clif Droke: The debt crisis and the war cycle (July 21)

> Hoskins: "When we run into a big problem with money, what do we always do in a usury system? We go to war."

Ben Traynor: Debt vs. Gold: The hidden link explained (July 20)

Blog commentary (good stuff by readers)
PandaLiberator: While I'd love to see Asia... (July 22)
DarkPurpleHaze: Full blown FUBM going on (July 22)

Metal Porn

(new) ScrapGoldBusiness: Hopi jewelry I'm selling for spot (July 24)

999silverhk: 20個裝奧地利維也納銀幣Austrian Philharmonic Silver Coins (July 23)

(new) scottsdalesilver: Academy silver bars (10 troy ounce) (May 19 2010)

RockStar1nMyCar: Gold bullion collection Pamp Suisse gold (Mar 2 2010)

(new) scottsdalesilver: PAMP Suisse gold bars (Dec 15 2009)

RockStar1nMyCar: My silver bullion collection Pt. 2 (Oct 22 2009)

(new) scottsdalesilver: 'One' - 1 oz silver bar (Sept 6 2009)

scottsdalesilver: Scottsdale Stacker silver bar (Aug 13 2009)

RockStar1nMyCar: My silver bullion collection (Aug 5 2009)

markapsolon: Spare Change Ep 6: American Silver Eagle coins & bullion (June 16 2009)

markapsolon: Spare Change Ep 4: Coin collecting Franklin half dollars (silver) (May 19 2009)

markapsolon: Spare Change Ep 1: Apmex's gold and silver coins and bullion (Mar 3 2009)

Photo: Lahainashores.wordpress.com

Weekend cinema & library - updated Sun pm

Vista Theater, Hollywood

Note: Watching Peter Schiff talk on CNBC, pointing out the same as always: PIIGS are in no position to avoid default, which helps the Euro long term, while the US prints its way into inflation. Funny how he shows up on Money in Motion Currency instead of Fast Money.

Video

(new) John Birch Society: Overview of America (part 1) (part 2) (July 17)

RT: Crosstalk featuring Jim Rogers, Dennis Gartman (July 15)

Yahoo: Markets will sell off if no debt deal is reached: Schoenberger (July 15)

Yahoo: Warren Buffett invests like a girl, says author (July 15)

Bloomberg: Chambers says S&P expects US to reach debt agreement (July 15)

Fox: Baur: Odds of default, downgrade are small (July 15)

Fox: June consumer prices drop for first time in a year (July 15)

TheStreet: Redler: Take profits in gold, buy silver (July 15)

Bloomberg: Icahn makes $10 billion Clorox bid to flush out suitors (July 15)

Bloomberg: Minarik says it'll be hard for Treasury to choose bills (July 15)

TheStreet: Cramer: Two sectors to sell (July 15)

The Weekly Telegram: Jim Sinclair and gold mining stocks (July 15)

Bloomberg: Wadhwa, Kedrosky debate tech 'bubble' outlook (July 14)

Bloomberg: Munster says Google+ challenged by Facebook's growth (July 14)

Bloomberg: SF cafe serves as technology incubator (July 14)

Bloomberg: Bollinger discusses higher education, freedom of press (July 14)

TheStreet: Cramer says sell 25% of gold, hold rest (July 14)

> Note: Interesting that the host asks if he will sell the physical, and he says GLD. Does he ever talk about physical gold?

HBO: Too Big to Fail (20-min trailer) (June 9)

(new) Journeyman Pictures: Ghost Cities - China (Apr 18 2011)

• Mike Maloney called this a few years back, a real estate bubble burst in China

Vlogs

(new) SilverGoldSilver: Here we go ... silver, gold on the move (July 17)

(new) wafdawg: Debt debate outcome so predictable (July 17)

(new) Turd Ferguson: Blythe and Ruprecht Return (updated) (July 17)

(new) SilverMapleLeafs: Sell your house and buy silver? (July 17)

(new) george4title: Why America needs to collapse (July 17)

(new) H1INC: Debt limit go ya bummed? (July 17)

(new) george4title: Transition into healthy eating and living (July 17)

(new) Alexiscom1: Silver update (improved audio) (July 17)

(new) Alexiscom1: Why I am not worrying about the economic collapse (July 17)

pdlumina: Are we doomed or is nothing going to happen with the economy? (July 16)

chessNwine: Weekly market wrap (July 16)

silverfuturist: Gold all-time high, Martin Armstrong's outlook for gold (July 16)

Robert Ian: Gold is money, everything else is credit (July 16)

(new) Kitco: Silver Summit's David Bond on silver uptick (July 15)

SGTbull007: MSM magazine subliminal message: 'Silver is money' (July 15)

BrotherJohnF: Silver update - Value (July 15)

H1INC: Gold and silver ration, Social Security ponzi (July 15)

Jim Comiskey: Daily market insights - metals (July 15)

bigdad06: Gary Yantis returns! (July 15)

SGTbull07: Silver, Infinte Dagners & Survival, Gary Yantis (part 1) (July 15)

Gary Yantis: An engineer's look at silver (July 15)

endlessmountain: (pm) Silver Uptrend - Failed moves, options (July 15)

endlessmountain: (am) The Silver Log - Holding at the top end of the range (July 15)

PastorDowell: Gold and silver on the rise again (July 15)

PastorDowell: Max Keiser 1 oz silver round (July 15)

george4title: Sweet potato leaves (July 15)

Peter Schiff Radio: Obama administration vs. Amish (July 15)

(new) contraryinvesting: Gold breaking out! Will 2011 be a worldwide currency collapse? (July 14)

BrotherJohnF: Silver update - Blast off (July 14)

stellaconcepts: Silver up $4.50 in 3 days, what's next? (July 14)

FinancialSense.com: John Williams talks with Jim Puplava (July 14)

ScrapGoldBusiness: A prediction from years ago about the change (July 14)

Howard Lindzon: Talking coffee and social media stocks (July 12)

Larry Edelson: Contagion! (July 12)

> Two weeks ago, Edelson predicted a drop in Spot Silver to 26. "I don't believe we'll get higher than 40, we won't get new highs for a couple of years. I still expect a retest of the 30 and 28 levels."

MrWoodeye: Season of Treason (June 14)

Silver100oz: Gold and silver (anime) (Dec 12 2010)

Matrix Rebellion: The Money Masters (part 1 of 22) (Jan 2 2009)

Audio

Contrary Investors Cafe: James Turk interview (June 30)

Reports

(new) FP: Merkel calls for European ratings agency (July 17)

(new) Al Jazeera: CIA veteran Baer: Israel to attack Iran in fall (July 17)

(new) Huffington Post: US default would likely cause stocks, bonds, dollar to collapse (July 17)

(new) Daily Express: 48 hours to save the Euro as Greece deal stalls (July 16)

(new) The Australian: Silver set to soar on demand from health care, clean energy, water purification (July 15)

Reuters: S&P threatens downgrades of US finance companies (July 15)

> Note: FAZ flat today (47.70). Still regret selling at 43.03!

Wall Street Journal: China stumbles in yuan grand plan (July 15)

US News: Who to blame for the debt fiasco (July 15)

CNN Money: US credit: Raising the ceiling isn't enough (July 15)

Business Insider: Goldman: These companies could get crushed if the govt goes into austerity (July 15)

Mineweb: Silver 'biscuits' taking off in India (July 15)

Mineweb: China nearly doubles rare earth export quota (July 14)

Mineweb: Extreme times for central bankers - a time for gold (July 14)

Blogs

(new) Wall Street Examiner: Fiscal suicide (part 1) (part 2) (July 17)

(new) Zero Hedge: US aircraft carrier enters Persian Gulf, Baer predicts Sept Israel-Iran war (July 17)

(new) Zero Hedge: Why latest European bailout is DOA, why CDO at heart of Eurozone is to become toxic (July 17)

(new) Zero Hedge: SocGen: Stress test doesn't reflect reality, political error can trigger freeze in money markets (July 17)

(new) Don't Tread on Me: Forget $50 silver, the real inflation-adjusted silver high is $500+ (July 16)

(new) Wakeupfromyourslumber.com: Occupy Wall St - Tahrir style (July 16)

Zero Hedge: Treasury to stop funding market manipulation fund to delay US bankruptcy (July 15)

Zero Hedge: Here are 29 companies with more cash than US Treasury (July 15)

Martin Armstrong: Clarification (July 15)

Jim Sinclair: Jim's mailbox (July 15)

Eric De Groot: Quiet history provides the best entry points (July 15)

Turd Ferguson: Turd back (July 15)

> "When it begins printing numbers that begin with '4', open interest will explode as big money will rapidly return to the pit. ... I expect silver to rapidly advance toward 48-50."

King World News: Jim Sinclair: Gold milestone at $1,764 paves way to $12,000 (July 15)

Jesse's Cafe Americain: Global gold reserves update (July 15)

The Silver Log: 07.15.2011 (July 15)

Le Fly: (pm) Debt ceiling failure melt up, Mr. Retardo Robotico style (July 15)

> He is still bullish on GSVC, sees $24 near term

Le Fly: (am) Going back in (July 15)

> He likes VCLK, CRZO

Jake Gint: Bullish on NUGT (July 15)

chessNwine: Breakout in SWN (July 15)

Peter Schiff: It ain't money if I can't print it! (July 15)

Robert Blumen: US to return to gold standard, really (July 15)

David Galland: The greater depression is upon us (July 15)

Sumit Roy: Investors rush into precious metals, dump energy (July 15)

Tim Seymour: China keeps rare earth supplies tight despite WTO warning (July 15)

George Maniere: How far can GLD run? (July 15)

Golden Truth: Gold is now a flight to safety refuge? (July 15)

Gold Report: Michael Berry: $1,600 gold in reach (July 15)

> Berry: 'Look for $1,700/oz gold by the end of year.'

The AU Report: Morning Coffee: Extorre announced economic study for Cerro Moro expands (July 15)

Scott Wolf: 14 reasons to continue to buy gold, silver (July 15)

Brian Hicks: The best (and worst) silver rounds (July 15)

Bill Bonner: Sticking with the golden formula as empires crumble (July 15)

(new) Martin Armstrong: Spending v. Systemic Reform (July 14)

Dan Norcini: Bernanke trying to walk back expectations for QE3 (July 14)

King World News: Ben Davies: Gold to break above $2,000 in next 4 months (July 14)

Market Oracle: Yen's hidden global QE signal and gold breakout (July 14)

Survival Blog: A prepper goes to college (July 14)

Ian Cooper: Historic rare earth discovery - Bet on the giant squid instead (July 14)

(new) Martin Armstrong: Gold - The final frontier? (July 13)

Gary North: Baloney (July 13)

Gary North: On the road to govt default (July 9)

Press release

Market Wire: Sprott Physical Gold Trust announces follow-on offering of trust units (July 14)

Blog comments (good stuff from regular blog readers)

Fortinbras: @Gramp (July 16)

TheGoodDoctor: Trading in this environment (July 15)

Oracle effect

Wells Fargo was told, supposedly, to clean up its balance sheet by the Fed. The stock rockets.

I don't get it, but who cares? If you own WFC, you're stoked. From 19 to 20 to 23 in a couple of days?

The Oracle still loving his WFC

He's consistent, if anything.

I gave up my WFC shares several weeks ago. Yeah, bought in around 14, sold around 14, and the very next morning, Wells Fargo surprised the world with an early earnings announcement that sent shares to 19 instantly.

Anyway, the reason I bought the shares in the first place was that Warren Buffett was very bullish on WFC, that it would handle its derivatives well and profit enormously from them. As of yesterday, he's saying the same thing, though his Berkshire Hathaway shares are running red recently.

I'm not about to get into WFC again, but the way Buffett hypes WFC and USB, it's hard not to think twice and do a little homework at the very least.

Buffett's breakfast blast

Before I lose it, here's the link to his sitdown on CNBC Monday: Buffett's breakfast blast

I didn't read it until Wednesday. Amazing, what he's saying about toxic assets. It's opposite of what the general media have been writing. His words, along with President Obama's confidence, have helped turn the market around the past three days.

Strangely (and stupidly) enough, all of Buffett's upside perspective didn't register with me in terms of Wells Fargo (WFC). I never once thought to study it. Sure enough, WFC is another financial soaring higher. WFC traded below 10 on Monday. By Wednesday, while I read Buffett, it was still at 12. WFC closed today (Thursday) at 13.95.

He talked openly about Wells Fargo and the spreads and the way toxic assets are probably the institution's best assets. It was kind of shocking to hear for us mere mortals. WFC is still far off its one-year high (44).

Fed throws lifeline to the market

Warren Buffet says he pays no mind, no attention to rate cuts. He buys a stock because of fundamentals. He has trust issues when it comes to his money, his clients' money, so he seems to visit every Co that he invests in. His approach seems to work pretty well for him. For the rest of us, today's tweaking by the Fed is welcome and wanted.

Fed Teams With Central Banks on Credit

Sure, it would be nice to buy furniture stocks and kick back with a burger and milkshake in beautiful, peaceful Omaha. But even Mr. Buffet has said that if he had a much smaller ship to steer, he would take on a bit more risk and collect much more reward. Would he buy RIMM and AAPL? Probably not. Even with his friendship with Bill Gates, Buffet isn't much of a tech fan.

Maybe someone should get him a Wii for Christmas.

Apple is smokin' hot, up 3% to 194+. RIMM, sorta hot, up 1.5% to 99+. Hate to admit it, but RIMM is dead money until the big boys get back in. On the positive side, only eight more days until RIMM earnings is out.