Weekly Saturday Sum-up

Monday – Intel CEO Paul Otellini unexpectedly decides to retire early and step down in May.
Monday – Sales of previously owned homes rose 2.1% in October, beating expectations.
Monday – Moody’s downgraded France’s debt rating from Aaa to Aa1.
Tuesday – Hewlett-Packard announced an $8.8 billion write down on its 2011 Autonomy acquisition and said an internal investigation of the purchase revealed “serious accounting improprieties” and “outright misrepresentations”. Shares fell 12%.
Wednesday – Israel and Hamas agree to a ceasefire after eight days of increased hostilities.
Wednesday – Federal prosecutors charged former SAC hedge fund manager Matthew Martoma with insider trading and set the stage to investigate Stephen A. Cohen, one of Wall Street’s most successful and prominent investors.
Friday – The Ifo Institute survey of German business confidence unexpectedly rose in October.
Friday – Tens of thousands of Egyptians took to the streets to protest or support sweeping new powers President Mohammed Morsi granted himself a day earlier.
(Forbes intelligent investing)
I find it interesting that a good number of tech companies are going through such major staff changes. I'm curious to see what a new intel CEO will do for the company or maybe even the industry. France's debt downgrade mixed with Germany's surprisingly up-beat business confidence causes what I consider to be a EUR stalemate. Meaning the two polar reports have canceling effects on each other. So basically there's not much to report for what we should be focused on... A EUR bailout deal. HP..this might be the straw that broke the camels back because if it took serious accounting investigations then the problem is most likely cancer hidden in the books of Autonomy and is bigger than $8.8 billion. Do we really even need to wonder if any major hedge fund manager is guilty of insider trading? That's like asking if superstar college athletes have agents before graduation... LoL what would you do?? And last but not least I'm afraid some how or another an American gun will be shot in Egypt and when it does...buy some gold, oil, and stock in Lockheed or Boeing...war=profit.
Remember, keep your mind happy, and your body will follow.