Quantum Fund co-founder George Soros had it right on Monday, when he said the U.S. recovery would be held back by “basically bankrupt” banks and companies.

There’s no question that the big “winner” in the global financial crisis has been China. While for the past two years developed economies have been scrambling to keep afloat China has taken a nuanced approach to achieving its economic and political goals.

There has not been much good news coming from Detroit or the nation’s auto industry over the past year. Is the industry finally out of the woods?

The best things come in little packages. We proved it once today. Kewaunee Scientific (NASDAQ:KEQU) may be your shot at another double-digit winner.

Asia is poised to become the “new” Detroit.

Steel maker Nucor Corp.’s (NYSE: NUE) stock has rallied some 51% from its March 3 low of $29.84 a share and has twice bumped against its recent high of $49.91 a share. 

Cash for Clunkers is driving up sales. Ford (NYSE:F) proves it doesn’t need the government, but some free money is always nice. Who else is profiting from Washington’s handouts?

I wouldn’t read a lot into the action in the gold market on Friday. It was just another day off the calendar…as Ted Butler would say. The only comment I would make is that the action in the gold price feels more like a top than a bottom.

GM May Salvage Pontiac Car; CIT Void to Be Filled, More Expensive; Dell Expects Higher Q2 Revenue; U.S., UBS Lawsuit Delayed for Possible Settlement; U.S. Deficit Grows; Russian Investor Boosts Stake in Facebook; Microsoft Office Goes Online

Investors and analysts return from the long holiday weekend only to face a rather light week on the economic calendar – except for the earliest stages of what’s expected to be yet another dismal earnings season for U.S. companies.