Weekend Reading 8/14/10

Let’s start with a funny:

“This week in 1861, the first federal income tax was instituted to pay for the Civil War. These days, we don’t worry about that kind of stuff. Our wars are paid for by our grandchildren.” — Jay Leno

Ok, now start reading:
`Hindenburg Omen’ Suggests Another Leg Down in Stocks: Technical Analysis.

More HO stuff: The Hindenburg Omen did NOT Volley & Thunder from Ian Woodward’s Investing Blog.

How Stocks Have Done On Friday The 13th Since 1900.

The Geography of a Recession, or, what does the unemployment rate look like since January 2007?

Rising Profits Are Good, but There’s a Catch.

Obama defends ground zero mosque plans. Our President couldn’t find the time to attend the National Day of Prayer which is completely non-demoninational, but he can schedule to host an Iftar dinner? Asshole!

BofA, Citi added as lead GM IPO underwriters.

Financials Now Attractive for First Time in Months.

Before you run off to read all those, here’s another laugh:

“The U.S. Postal Service reported a $3.5 billion loss in the last quarter, which established it as the federal government’s most successful enterprise.” — Jay Leno