Chris Weber: don’t bet your retirement on stocks right now DailyWealth

Porter Stansberry explains the forces behind the current rally The Daily Crux

America is running out of rope The Market Ticker

The world financial system’s Achilles’ heel The Daily Reckoning

Roubini on a U shaped recovery Naked Capitalism

Larry Flynt calls for a national strike The Huffington Post

Look for an X shaped recovery Real Clear Markets

The risk of double dip recession rising Financial Times

What the stress tests didn’t predict NYT

One of our favorite underground investors Porter Stansberry of Stansberry & Associates Investment Research has picked up on a chart from the Wall Street Journal that will make your hair stand on end.

There are a lot of unanswered questions for Tim Geithner and his pals in the banking industry. One Wall Street suit who’s dirtied his bib is Bank of America CEO Ken Lewis. Lewis should go to jail for securities fraud, according to Porter Stansberry of Stansberry and Associates Investment Research.

Porter Stansberry says the government will do whatever it takes to ensure troubled mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) don’t go under. It will guarantee Fannie and Freddie’s debts. It will use taxpayer money to do this – money it doesn’t have. This means a big rise in gold and silver is on its way. Act now and buy physical gold and silver…

Let me tell you about a country that is in the midst of an economic boom.

The next president will face soaring foreclosures, insolvency at Freddie and Fannie, street protests against foreclosures, and a growing number of bank failures. It’s not too hard to guess what’s likely to happen next, is it?

Last week US stocks rallied sharply capping their best week since February, after Corporate America posted results that beat analysts’ estimates.

“But don’t mistake a bear rally for a new bull market,” says Eric Roseman.

“No matter what happens in the short-term, most stocks will be poor investments over the next several years as inflation, deflation and a long-term contraction in bank credit slow the world’s largest economy to pre-1995 levels.