Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering just about everything, from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.


Some links as we ponder the big news of the day: "Dick's Sporting Goods (DKS), based in the Pittsburgh suburb of Findlay Township, announced Monday that it bought Covina, Calif.-based Chick's Sporting Goods for $71 mln in cash and assumed debt." Heh heh, heh heh, cool.

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• What it Means, from Blogging Stocks.
• Mish with the series of questions it raises regarding Citi's (C) health.
• No sense breaking up Citi, says 24/7 Wall Street.

How about a 1,000% Return?
 

• Apparently some hedge fund hit a real ten-bagger.
• How so? Big bet against subprime.
• A bevy of opinions, courtesy of Abnormal Returns, from
• Infectious Greed: "As an aside, expect a blizzard of funds to come forward over the next few weeks playing up their subprime gains. However, like hedge funds that said they made oodles shorting the dot-com collapse, most will be lying -- or at least being highly selective about data and strategies -- but that's normal stuff at times like this."
• Market Movers: "In a way, given the sheer number of hedge funds out there, and the increasing amounts of leverage they employ, it's a little surprising there aren't more funds which return 1000% in a year – and it's actually quite reassuring that such things are still rare. "
• The Curious Capitalist: "This raises an interesting question. Should you take Lahde's continued bearishness as a signal to join him in his gloom, or should you figure that a 1,000% gain cries out for mean reversion, and buy bank stocks? I have no idea what the right answer is. But it's a question that consumers of investment advice should always be asking themselves."

To the Markets
 

• SPX is a bit stretched below the 50 Day SMA as per the Shark Report.
• Ron Sen with some good and bad and a run through the charts.
• Bullish results from Bill Rempel's weekly timing model.
• Is a volatile market the best time to trade Iron Condors? Condor Options says yes.

• Barry on the Black Friday Upside "Surprise."
• Just don't buy a house in New England, via Housing Bubble Blog.
• How about that Mortgage Lender Implode-o-Meter? It's up to 191 "major US lending institutions."