Last night $TWIT announced their new biz model – sponsored tweets.  As usual @ReformedBroker has a hilarious take on the events.

The ghosts of bailout past $FNM, $FRE, $ABK, etc are all on fire.  @stevenplace captures the madness with some humor…

Markets are starting to get frothy. Case and point $MIPI.

Great quote from Jim Grant via @FinanceTrends.

Make sure you check out the new StockTwits Blackberry App:

$GOOG has been strong today in a tough tape.  Something to watch, should the overall market turnaround.

$INTC reports after the close.  @EddyElfenbein thinks they will have to beat consensus to “surprise” the market.

The Wall Street Journal has figured out NOT that the quants were behind the meltdown in this lovely STORY ‘The Minds Behind The Meltdown’.

There was no MIND(S) behind the meltdown, WE were MINDLESS.

You were not entitled to have a home, or forced to buy a home with money you could not afford.

Barney Frank is a dangerous idiot, but you could have shorted Fannie Mae at $40, $30, $20, $10, $5 and $2 and printed money. No quant was necessary.

The quants did not blow up the market, they just had no exits when everyone rushed out the same time. Liquidity. More sellers than buyers.

Mindlessly plowing your retirement money into stocks because you have 40 years until retirement does not guarantee you a certain rate of return. That Mutual Fund you own has been phoning in your proxy votes for two decades. You were supposed to fire those mindless twits in 2000.

Mindlessly spending on your Capital One and American Express cards is not a right, it’s a priviledge. You vote and fix the problem by cutting up your cards. I did. You will survive.

In the immortal, out of context, words from ‘The Fly ‘ (sent from his space rocket):

I know the banksters are evil and they should all be rounded up and sent to Nike prison factories in Vietnam. However, remember this asshole, without banks doing their dirty deeds, America would be a 2nd rate nation (oh, shit, irony!).

The continued financial story in January 2010 is the lack of responsibility and mindless behavior of equity shareholders who can vote with their feet and wallets.

$AMZN Kindle sales were huge this holiday season.  The E-reader trend is in the early innings.  It will be interesting to see how an $AAPL tablet fits into this market.

So on Christmas Eve, the Treasury announced unlimited bailout funds for $FNM and $FRE.  Sneaky, Sneaky:

Hilarious $twentyten from @ReformedBroker:

Slowly but surely the rest of the world is beginning to raise rates:

The @abnormalreturns Daily Linkfests are a MUST read each day:

Great advice, for traders liquidity is important:

In addition to $AMZN talk on the stream has been that $AAPL also crushed it this Christmas:

PLEASE vote for StockTwits for “Best Social App” in the Crunchies.  You can vote once each day until January 6th

Another great piece of advice from @jfahmy.  The stock market and the economy are two different things:

It appears that Asia is setting up its own version of the IMF and World Bank.  Is a currency next?

Another hilarious $twentyten from @ppearlman.  Also, don’t forget the $MSFT I-clone!

Some good advice from a great trader:

Last night a rumor hit the stream that $T would stop selling $AAPL iPhones in NYC.  $T FAIL on so many levels – this the funniest: