Linkfest

The linkfest for the weekend...

1. Last week, we’ve learned about the discovery of a vast oil deposit roughly four miles beneath the ocean floor in Gulf of Mexico. The discovery has coincided with the on-going correction in the price of crude oil. Some analysts had questioned the impact the discovery on the market sentiment. Roger Conrad of The Utility Forecaster was noted in The Stock Advisors as saying "... even if the deepwater Gulf does ultimately become the North Sea of this generation - which will only be possible if production costs come off sharply and reserves wind up exceeding even today’s most optimistic projections - we still have years to wait before any of its output comes to market. Read more about here.

2. Ticker Sense & Market Talk with Piranha had noted that crude oil had closed below its 200-day moving average on Sep 7. While technicians consider this a bearish sign, they had shown that such prior occurrences, at least going back to 2002, had turned out to be buying opportunity. Go here & here.

3. The best offense is a good defense, especially in the event of an economic slowdown. Here is five ways to recession-proof your portfolio.

4. What do George Lindsay, Terry Laundry & Tom Henderson have in common? They all have their creative way of analyzing the market. Brett Steenbarger has highlighted the work of these 3 persons in an article entitled “3 creative approaches to market analysis”

5. Recently, I have turned a bit bearish on the Malaysian stock market because I believe it was about to do a short-term correction. But, there are a lot of people out there who are not only not bullish on our stock market; some are downright bearish on the market. My contrarian instincts always tell me that if too many people are bearish on the market, the downside risk is likely to be limited. In TraderFeed, Brett Steenbarger has warned that you have to be a bit wary when it's popular to be a bear.

6. If you find yourself scrambling to follow any commentary on currencies on CNBC or Bloomberg, this may help.

7. 24/7 Wall St. has spent the last four weeks looking at financial blogs and come up with the Top 20 Best Financial Blogs. You may like to check them out.

8. Many commentators & columnists will tell you that calling the market top is a thankless task. If only we have something like this for the stock market.

9. Finally, on the funnier side, check this out.