WEEKEND READ

ROBERT REICH LINK TO "THE CONTINUING DISASTER OF WALL STREET, ONE YEAR LATER"

LINK TO JOHN CRUDELE "KEEP AN EYE ON THE MARKET BUBBLE"

and

LINK TO JOEL HIRSCHHORN'S " CORPORATE CORRUPTION IS KILLING AMERICA"

If true, last Fridays options expirationwas a setup to take out even more BEARS who thinking SEPT was going to be the month of pain it usually can be, and that BIG BANKS like GS make tons of money selling insurance in the forms of options puts and calls.....couldn't resist the temptation....

Does that now set up going into the next opex a turn to where the ship is very one sided...long side. Without even one 10% correction and over 50% gains.....little froth taken out, bases built and there is NO profit until a sale is made.

We also know very few dollar bulls left and since MArch the weak dollar and strong market have been joined at the hip, IMHO setting the market up for a retracement of some kind...even if brief, even if not breaking the bull mode...this would be quite ordinary.

If we could wind back the clocks.....who wouldn't wish the huge BAnks/Financials had stayed with the game plan of using SAVINGS to LOAN MONEY and make it on the spread? INSTEAD of a market now DOMINATED by these behemoths "too big to fail" playing a game of craps with OTHER peoples money, with a I got your back FED....who could resist?

WHO allowed AIG into the gamblers den? If the basic landscape remains the same, until we get some control over the too big to fail players.....what we have been subjected to since 2000 IMHO is bound to keep repeating itself.

And why are certain practices in favor of these BIG players allowed to continue?

Duratek...have a great FBALL SUnday and great week.