Weekend Linkfest

Sometimes, the numbers don't tell the full story: For the week, the Dow lost "only" 52 points -- about 0.5% -- while the S&P 500 gave up 5 and the Nazz lost 16. Funny, it seemed a lot worse Thursday and Friday, as several economic releases suggested a much sharper deceleration than consensus.

The Fed stayed on pause, Oracle(ORCL Quote - Cramer on ORCL - Stock Picks) reported good numbers, and excluding 20 cents-a-share labor expenses, Fed Ex(FDX Quote - Cramer on FDX - Stock Picks) maintained guidance for 2007. Oh, and I heard something or other about a hedge fund blowing up.

This week, we have some housing data, durable goods, GDP and personal income to look forward to. While we wait, here is a special Sunday evening edition of Weekend Linkfest:

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ECONOMY

• I can sum up the economy, market sentiment, and the late week shift in trading in just two words: Whither Goldilocks?

• There's too much Amaranth stuff out there, so here is a quick overview: Dealbreaker does a full roundup of all the coverage, Jeff Matthews explains how the fund was related to LTCM, and I place blame squarely where it belongs: investors who encourage excessive risk-taking.

• Economists Debate if Fed Is Done Raising Rates, and Bloomberg's Caroline Baum observes the Bond Market is Gearing Up for Rate Cut.

• For a while, it seemed DaimlerChrysler's(DCX Quote - Cramer on DCX - Stock Picks) Chrysler unit was in a separate league from Ford(F Quote - Cramer on F - Stock Picks) and GM(GM Quote - Cramer on GM - Stock Picks): lots of surprise hit cars and 12 straight quarters of profitability. Is this the third strike for U.S. automakers? Is Chrysler now going down the tubes, also?

• The Illusory World of Economic Forecasting.

• The Wall Street Journal's Greg Ip looks at How Stock Options Muddle The Relationship Among Wages,Corporate Profits and Inflation.

• And I was this close: Billionaires only for Forbes' list of US super-rich.

• What is the message of commodity-price volatility? (from copper to capital)

• Some good news: Falling Gas Prices Help Low End Consumer.

• BusinessWeek succumbs: The Gloomy Side of the Street. The Philly Fed Business Survey is here.

• Personal bankruptcy numbers are steadily rising again.

• Will the G7 get replaced with the G2? (US and China)

• This can't be good: Spy Agencies Say Iraq War Worsens Terror Threat.

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INVESTING & TRADING

• Bad puns aplenty as H-P(HP Quote - Cramer on HP - Stock Picks) tried to put the pretexting scandal behind it: Dunn Is Finally Done; I heard Hurd is Now Chairman.

• Question: Why did none of the ginormous energy bets made by Amaranth have any regulatory scrutiny?
Answer: The Enron Loophole.

• Have a look at the Internal Strength of Market.

• John Dorfman says Nine of 20 Largest Stocks Earn My 'Buy' Rating.

• Do you know what Alpha betting is?

• Amaranth was loaded up on SPACs.

• What Does Wal-Mart's Prescription Drug Plan Mean?.

• Are you familiar with the 75 Day VIX Rule?

• John Hussman points out two pet peeves of ours: Weak breadth and poor volume in A House Built on Sand.

• Doug Kass on what happens When Short Sellers Are Targeted. Meanwhile, John Dorfman (him again?) has a Short-Selling Contest.

• Who is Federated Investors' Steven Lehman, and why is he so nervous?

• Fleck advises us to Beware markets with no reason to rally.

• The only plausible conclusions that can be drawn from the crackup of Amaranth, et al., are that 1) They didn't know the risks they were taking, or 2) They knew and didn't care. Either way, Henry Blodget says it's Risky Business.

• The Case for a Double Top.

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HOUSING

As interest rates and gasoline prices come down, I would expect to see some mild improvement in real estate sales. Even the new house across the street from me finally sold -- after being on the market for a year, it sold for a 18.9% discount from the original price.

• No surprise then that Homebuilders Index Falls to lowest level since 1991.

• This is rather interesting: Contrarians Moving Into U.S. Housing Stocks.

• "It is a difficult environment right now, and we expect it to continue to be very difficult on the revenue side for everybody in the industry, and there will be continuing concerns across the industry for a time to come" -- WaMu's COO, speaking at Bank of America's 36th Annual Investment Conference in San Francisco.

• Misery quotient: Just how much are borrowers with option ARMs going to suffer? It's no surprise that High-Cost Loans on The Rise.

• Home Price Appreciation Slackens.

• A young real estate speculator overextends himself, blogs all about it, and then realizes what a giant mistake it was: I am Facing Foreclosure.com.

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PSYCHOLOGY & SENTIMENT

• What is Wealth, part II.

• The Cumulative NYSE TICK: A Valuable Measure of Short-Term Sentiment.

• The New York Times technology (and former Macworld) columnist David Pogue looks at the news headlines from 1995-97 about Apple(AAPL Quote - Cramer on AAPL - Stock Picks). Yet more proof that financial media can be bad for your wealth.

• U.S. to create 'virtual fence' for borders.

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TECHNOLOGY & SCIENCE

• Philanthropy Smackdown: It's the Google Boys vs. Gates for the World Charity Championship.

• YouTube Model Is Compromise Over Copyrights.

• HOW to BECOME a GOOD THEORETICAL PHYSICIST.

• This is pretty damned amazing: You can Google for special codes to hack into ATM machines (Googling for ATM Master Passwords). The video of CNN's report is here: Robber Tricks ATM machine.

• Fascinating discussion for you musically inclined quants: How Random Is the iPod's Shuffle?

• Jon Markman has a good piece explaining Why YouTube is ready for prime time.

• Want to know how and where VC money is spread out over the web? Then check out The Web VC Chart.

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MUSIC, FILM, TV, BOOKS, FUN!

• An unblinking look at the history of the MPAA film rating committee. It turns out the panel uses the rating system as an unfair way to prevent independent films from competing against the majors. Then there are the comical changes directors must make: "To avoid an X, Martin Scorsese desaturates the colors during the shootout scene in his film 'Taxi Driver' because the MPAA feels that the darkened colors disguise the blood. Later, Scorsese comments that the changes ordered by the MPAA actually made the scene more shocking."

• Oh, and there's a blog too: This blog is not yet rated.

• Want to track the most popular videos on line? The viral video chart.

• Wonder why Jackass 2 dominated box office sales this weekend? If this makes you laugh, you have your answer.

• How well do colloborative filters work for music: Actually, I Hate That Song.

• Why do Music CDs Fail to Compete on Price?

• Sculptor of Wall St. bull sues over copyright.

• Michael Lewis reviews The Accidental Investment Banker.

• This year's MacArthur Fellows 2006 (genius grants).

• Lastly, Dr. Seuss Taxidermy (yes, that Dr. Seuss).

That's all this week, where like it or not, the season premiere of Desperate Housewives will somehow find its way onto my TiVo...