When you get to the point where technicalities and ‘blind leading the blind‘ (eu? Which followed america into the abyss?) to “explain” the inexplicable (rally), you realize how desperate they’ve become. ‘[BRIEFING.COM]: Stocks had run into resistance at their 200-day moving average during the prior session, but this time the broader market staged a strong, steady climb past that key technical line to settle at a three-week high. The tone to trade was positive for the entire session. Initial strength was underpinned by continued support for the euro, which was sent another 0.9% higher to $1.234 following a successful debt offering from Spain and Ireland. The success of that offering suggested that even in the face of continued concerns about tenuous fiscal conditions in Europe there is still an appetite for risk. A positive reaction among Europe's major bourses also helped perpetuate a positive tone among market participants … ‘  DON’T BE THEIR FOOL … AGAIN!

Felix Zulauf: The March 2009 Lows Won’t Hold This weekend’s Barron’s Roundtable had an excellent update on several of our favorite market pundits.

SEC: Government Destroyed Documents Regarding Pre-9/11 Put Options  This is not the first destruction of documentary evidence related to 9/11.

It’s Official: Fed Governors Are Starting To Worry About A Double Dip According to WSJ, the debates have begun inside the Fed about what it should do in the event of a double dip.

Federal Reserve Very Concerned About Double Dip Recession Economic Policy Journal | The Federal Reserve appears to have serious concerns that the economy is heading into a double dip recession.     Food prices to rise by up to 40% over next decade, UN report warns  The Guardian | The forecasts are for wheat and coarse grain prices over the next 10 years to be between 15% and 40% higher in real terms.      The Next Housing Crisis  Mike Whitney | More than 7 million homeowners have already stopped paying their mortgages which means that the inventory-pipeline will be bulging for years to come.

Afghanistan Mineral Riches Story Is War Propaganda  News that the U.S. has suddenly discovered $1 trillion-worth of mineral deposits in Afghanistan, and descriptions of the bounty as a “game changer” by the corporate media, represent nothing more than crude war propaganda designed to reinvigorate public support for a failing and ever more pointless occupation.      Afghanistan Mineral Riches Story Is War Propaganda Steve Watson | “Liberal” New York Times sells globalist occupation once more with fake news.