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Just watching Matt Simmons in TV. He published a book 3 years ago when oil was at $30 saying that oil is going much higher. Hiss views on peak oil are not completely absurd.

With oil at $130 a barrel, here is the most sensible idea. It is also a bitter pill to swallow.

Microsoft just launched a new cash back program in an attempt to promote their Live search engine and steal market share from Google. Will it work and is it worth it? Here's what I found out on my quick shopping spree.

The Euro is going down.

Techcrunch interviewed Citi Analyst Mark Mahaney On Yahoo/Microsoft/Google. It's a good interview although I tend to disagree with his conclusions.

Think the mutual fund you own is a special investment. Think again. Most financial companies package and sell mutual funds like a supermarket sells soap. Bulk it up and ship it out.

CVTX just sold half of the rights to their new stress testing drug for a price that shows just how undervalued their stock is.

Merck and Schering are way up from their recent lows- and AZN is off its recent highs. There is more money to be made here, but making the same trades I recommended last week.

Buying AZN is the best way to play enhance if you didn't short MRK and SGP

Even more fall out today from the Enhance trial at the ACC today.

The sub-prime crisis and the credit crunch are about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold them off in the form of bonds and other securitized investments. Banks can only lend based on the amount of equity (deposits, cash, etc.) they have on their balance sheet. By removing the loans from their balance sheet, they created more space to do more lending. This phenomena has ended.

While Merck and Schering Plough have already fallen hard, they should both continue to fall for the forseeable future

Apple's immediate prognosis is scary, and I'm inclined to wait until it gets much lower.

Ignore the media hype. This entire nominating process is over. It is now time to focus on the global economic meltdown and on football.

The Street journalist Doug Kass (he's also the founder and president of Seabreeze Partners Management, Inc.) says that financials are cheap and poised to rebound. He may be right but I'm not going close to them. I'm not convinced things aren't going to get worse before they get better.