{"id":1514,"date":"2009-07-19T22:59:34","date_gmt":"2009-07-20T03:59:34","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1514"},"modified":"2009-07-19T22:59:34","modified_gmt":"2009-07-20T03:59:34","slug":"weekend-review-july-13-19-2009","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/weekend-review-july-13-19-2009","title":{"rendered":"Weekend Review: July 13 &#8211; 19, 2009"},"content":{"rendered":"<p>We were there.\u00a0 On the edge of cracking the 88 level on the SPY Monday morning, when we had a strong rally to begin the week.\u00a0 Then Intel reported to put some fire into this move.\u00a0 We closed the week slightly below 94.50, which puts us within striking distance of our 6 month highs at 95.50.\u00a0 We&#8217;ll see how that plays out this upcoming week.<\/p>\n<p><a href=\"http:\/\/247wallst.com\/2009\/07\/19\/the-cit-rescue-and-lehman-bros\/\" target=\"_blank\">CIT gets bailed out<\/a>.\u00a0 I must agree with the author of the article, CIT getting bailed out by its creditors can only help the US economy.\u00a0 They provide cash flow to companies that can&#8217;t wait long periods of time to receive payment.\u00a0 If CIT goes under, you could have thousands of other businesses going under, which would hamper our economic recovery significantly.<\/p>\n<p><a href=\"http:\/\/www.thedailyshow.com\/watch\/thu-july-16-2009\/pyramid-economy\" target=\"_blank\">Goldman goes mainstream<\/a>.\u00a0 I never really watched the Daily Show until a few months ago when Jon Stewart began calling out CNBC and Jim Cramer on their horrific calls.\u00a0 I respect that he&#8217;s actually calling them out and I feel like he&#8217;s paving the way for others to stand up as well.<\/p>\n<p>Reasons to <a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/2009\/07\/six-reasons-to-abolish-fed.html\" target=\"_blank\">abolish the Fed<\/a>.\u00a0 Some very good points are made here.\u00a0 Congressman Ron Paul has been trying to rein in the Fed for years now.\u00a0 He&#8217;s finally beginning to get some support, although at the moment, not enough.\u00a0 The fact of the matter is that all regulators were asleep at the wheel.\u00a0 There is NO reason to give them more power when they have proven to be incompetant with less.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/article\/guest-post-high-frequency-trading-alert-aig\" target=\"_blank\">SMB highlighted on Zerohedge<\/a> this week.\u00a0 Looks like we are now on Tyler&#8217;s daily reading list.<\/p>\n<p>Why <a href=\"http:\/\/www.ritholtz.com\/blog\/2009\/07\/why-housing-isnt-yet-bottoming\/\" target=\"_blank\">housing hasn&#8217;t bottomed yet<\/a>.\u00a0 Many people are saying that the economy won&#8217;t start to recover until housing does.\u00a0 Starts and permits have been a little erratic as of late, as people are trying to pick bottoms in the housing market.\u00a0 In much less liquid markets, you have to be patient and let the prices come to you.\u00a0 An interesting read.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We were there.\u00a0 On the edge of cracking the 88 level on the SPY Monday morning, when we had a strong rally to begin the week.\u00a0 Then Intel reported to put some fire into this move.\u00a0 We closed the week slightly below 94.50, which puts us within striking distance of our 6 month highs at 95.50.\u00a0 We&#8217;ll see how that &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/weekend-review-july-13-19-2009\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":167,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1514","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekend Review: July 13 - 19, 2009 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/weekend-review-july-13-19-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekend Review: July 13 - 19, 2009 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We were there.\u00a0 On the edge of cracking the 88 level on the SPY Monday morning, when we had a strong rally to begin the week.\u00a0 Then Intel reported to put some fire into this move.\u00a0 We closed the week slightly below 94.50, which puts us within striking distance of our 6 month highs at 95.50.\u00a0 We&#8217;ll see how that ... 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