It is amazing how many things have NOT happened.

Jobless Claims Fall; China Detains Four Rio Tinto Employees for Alleged Espionage; Retail Roughed Up in June; China Auto Sales Skyrocket; Broadcom Drops Acquisition Attempt; Mortgage Rates Fall; Madoff Won’t Appeal Sentence

Last week I caused a bit of a controversy on Fox News when I suggested that Bernie Madoff might do more good than harm in the long run – there are some good investing lessons for everyone to note.

Ten More to Be Charged in Madoff Case; British GDP Suffers Highest Drop in Half a Century; Housing Price Drops Slowing; GM Attempts to Emerge From Bankruptcy; Corn & Soybean Planting Up; AIG Gets Government-Backed Board; Japanese Memory Maker Gets Bailout

Yesterday, the mainstream media whooped and shrieked over the tough sentence handed down to swindler Bernie Madoff. “Madoff got what he deserved,” wrote the columnists. “Mr Madoff’s crimes were extraordinarily evil,” said Judge Denny Chin, who also told the jury that Madoff’s pyramid scheme was “staggering” and “off the chart.”

Madoff Gets 150 Years; Pipeline Operators to Combine; Jobs Returns to Work at Apple; GM, Toyota Cut Ties on Auto Plant; U.S. Moves Closer to Solar Energy; Oil Rises to More Than $71; China Stops Stockpiling Metal

Oil Takes a Spill; SEC Expands Madoff Investigation; Sony Could Lose Largest Game Publisher; Nasdaq Outpaces Other Indices; Walgreens Misses Street Estimates; U.S. Car Brands Close Gap with Toyota Quality…

“How do you feel now?” asked a reporter for a local investment magazine. “I mean, you’re a contrarian…and you were right about so much?”

Bernie Madoff’s guilty plea to a decades-long $50 billion-plus Ponzi scheme pretty much guarantees the 70-year-old will have his likeness immortalized on the Mt. Rushmore of scammers.

The Dow roared back yesterday. It ended the day up 379 points. Gold fell $22 – to end the day below $900.