Jim Cramer, financial troll, hates the Facebook IPO. Sounds You worried?

http://nymag.com/news/features/32382/

Jim Cramer, financial troll, hates the Facebook IPO. Sounds like a raging buy signal.

http://nymag.com/news/features/32382/

VZ shares, with their defensive nature and 100% domestic revenue generation (ie. not dependent on Europe to make $ !) continue to buck market weakness and trade higher, after breaking out above resistance (red band) recently.

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Buy and hold strategies and 60/40 portfolio allocations not working anymore? You don’t say.  

http://www.investmentnews.com/article/20120516/FREE/120519945

GLUU shares are consolidating nicely and yesterday they moved up on big volume.  With almost 20.00 % of its float short and the company presenting at some brokerage conferences in the next few days shares may be ripe for a short squeeze.  Minor resistance lies near $ 5.20, however nothing significant until the 2011 peak near $ 6.00.

You’re worth $4.84 a year to Facebook, in case you were wondering.

http://www.cnn.com/2012/05/16/tech/social-media/facebook-users-ads/index.html?hpt=hp_c1

The Russell 2000 has been capped by resistance since 2007 (red lines and arrows) near 850. So at this juncture in order to really embrace small cap, the market needs to show it can rip through this level, since so far it has failed to since 2007 ! The R2000 is now nearing a support zone (green lines) near 775 - 750. If that is violated the weakness continues. At this point you're in a range between support and resistance and it can go either way, thus it makes no sense to take a big swing either way.

It boils down to risk tolerance (do you buy here with tight stops and blow out on a breach of support ? or Do you wait and pay up on a confirmed break out above resistance to make sure a durable move is under way ? - for me I am vote for the latter.) Everyone is saying stimulus is good for equities and equity values should rise, yet they are struggling here. Most likely recent activity is correcting the excesses, and the usual summer weakness, however at this point it makes sense to observe, more than participate, until the odds line up better for a better pitch to swing at.

Here’s the problem, that $2B was real money, not synthetic.

http://ftalphaville.ft.com/blog/2012/05/14/998601/two-billion-dollar-hedge/?ftcamp=traffic/email/content/booster//memmkt

On the plus side, he’s old enough to remember Jimmy Carter.

http://www.businessinsider.com/matt-zames-2012-5

Henry Blodget sends Wall Street to the Principal’s office.

http://www.businessinsider.com/and-now-we-know-the-truth-about-wall-street-its-kids-playing-with-dynamite-2012-5