Today's links and trade ideas

The Financial “Inconvenient Truth”

How big should the stimulus package be.....

China announces half a trillion stimulus package worth nearly 10% of their annual gdp....

Strange how the US Govt is complicit in creation of shell companies to hide bad assets. My guess is the TARP program has Andrew Fastow as its chief consultant.

Retail bankruptcies continue...

Start saving up... Your kid’s Ivy league tuition just went up another arm and leg....

The mantra of the hedge-fund business- Heads I win, tails you lose

Over the last few weeks, I have been using shorts to hedge my long position in SPY. The G20 summit is next week and I expect a lot of economic stimulii packages to be announced and that can cause a rally. Other than that I see an accumulation pattern in EEM and VWO which is a good sign. But in the meantime, I will be using short term shorts as I have been trying to do. Good luck!

PS- I dont trade currencies, but FXA which is the Ozzie dollar is showing a bear flag.

Long: SPY, EEM, VWO,XLE
Shorts: MA, MS, DZZ (double short gold), BIDU,NYX,TROW