In a piece entitled, “Wall Street: Three cheers for the bear”, CNNMoney.com looks on the bright-side of the bear…

Editor’s Note: The Dow Jones Industrial Average index hit a year low today. It was led by a 10% slump in shares of General Motors (GM) after Goldman Sachs issued a ’sell’ rating.

Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate and on worries that a bigger-than-expected spike in unemployment meant the U.S. economy was far weaker than feared.

Gas prices hit another record high. Soaring food prices ignite riots the world over. It should come as no surprise that a 71% increase in food prices since 2006 has the good citizens of South Africa, Morocco, Egypt, Ethiopia, Bangladesh and Mozambique up in arms.

After taking profits of up to 27% in two days on SQNM, today’s momentum stock pick is Inspire Pharmaceuticals, Inc. (NASDAQ:ISPH).

Being in the right place at the right time is far more important than brains. Luck provides better investment returns than talent. Too bad. Because our luck seems to be running out.

Brisbane-based growth hormone company Tercica, Inc. (TRCA:NASDAQ) will be acquired by French drugmaker Ipsen SA in a stock deal valued at more than $400 million.

Folks have three things on their minds this weekend: food prices, gas prices and Kimbo Slice. In other words, consumer sentiment hits 28-year lows and the only relief in sight is pure, unadulterated violence on CBS.

Typically, when investors hear “pink sheet stocks,” they think of tiny companies, more often bad than good, and for the analysts out there, it means a ton of work lies ahead of them.

Shares of biotech smallcap Sequenom, Inc. (Nasdaq:SQNM) soared over 20% in morning trading after the genetics and molecular diagnostic company reported that its nucleic acid technology is able to detect Down’s syndrome in pregnant women.