Blog update: weekly results, the week ahead, and AMD

I was slammed this weekend and did not do my stock homework.
Basically, I have been holding off because I firmly believe the storm isn't entirely over (aka I'm being greedy again and want to buy some stocks cheap).

I really think that the financial markets are not prepared for the reality I keep repeating: interest rates expectations won't be met. The Chinese Bank is raising their rates, as have every other major Asian and European country. That plus reported strong inflationary pressures will prevent Ben B from dropping interest rates this week.

On top of that, China and other countries are quietly admitting that they are no longer really buying dollars going forward. An interest drop by the US Fed will hasten their exit from the dollar.

The markets want a rate drop and it won't happen.

Worse, I think the depth of the mortgage industry collapse is about to be revealed. They have done an excellent job of hiding it for the past 12 months, but they can't get away any longer.

Meanwhile, oil equipment and service companies continue to rake in the cash.