In spite of the lack of pro growth, anti business policy being dished out of DC by my fellow Chicagoan, corporate America is stronger than it has ever been.

Thousands of years of Christian Armenian history were systematically destroyed along with over 1.5 million innocent lives. And Obama breaks his promise to acknowledge the crime.

T. Boone Pickens has paid over $665 Million dollars in taxes since he was 70 years old, yet apparently he hasn’t paid enough.

before you go blaming HFT for everything from the Chicago Fire to the ‘Flash Crash’ remember that most every strategy done manually 20 years ago is now done through automated systems which are all considered HFT.

Well, Greece has turned into the boy crying wolf, or in the case of our Greek friends, crying Default!

This is the reality under the “leadership” of my fellow Chicagoan, and until the American voters express their discontent on the 2012 presidential ballot, this is what we are going to have to live with

As you know I’ve been following this MF Global story very closely, and the more I read the more upset I get. MF Global was a big institution with a lot of positions—futures, options, stocks, ETFs—and they were all overleveraged by one gigantic egomaniac named Jon Corzine, Mr. Champagne Socialist, the former co-chair of Goldman Sachs and former New Jersey governor.

Europe, quite simply, is back in crisis. European markets are down 10% in two days, primarily because it looks like the Greeks are backing out of a deal.

Thank goodness he didn't have ambitions for higher office. The last time we had such ham-handedness in financial matters, Grant was treating Grant & Ward like he treated the rebels at Antietam.

I’m a student of history, and I believe that using pattern recognition is a great way to get a gauge of what’s going on with markets. Of course, these days, much of the pattern recognition is left to computers that process millions of bytes a second. But I’m the son of an immigrant from the north side of Chicago. So I try to keep it simple.

I’m not a fortuneteller, so I’m not going to try to predict how long this pullback will last. But what I will tell you is how bull markets tend to trade: they open lower, then grind their way higher throughout the course of the day.

Not only am I getting confirmation from the Adam Westphalens of the world, I’m getting it from corporate America as well. The expansion of earnings and multiples continues—Caterpillar, for instance, reported earnings that absolutely blew away the Street.

But as I told my pastor at our church’s finance committee meeting the other day, when it comes to the market, there’s no hoping, wishing or praying allowed. You have to watch what’s happening and react to it.

Let’s not forget that these solar companies like Solyndra and Evergreen aren’t going bankrupt because they can’t compete with Chinese prices. They’re going bankrupt because they’re manufacturing inferior products.

Remember: we want a little bit of inflation in a healthy economy; what we don’t want to see is runaway inflation. As it stands, the rate of inflation seems to be contained.

There are three distinct factors that are driving these markets right now: earnings, Europe and China. Let’s break it down, shall we?

As all these European countries jockey for position, there’s one thing I think is very important for investors to understand: a lot of the debate in Europe revolves around the rate at which they will inflate their way out of the problem.

As we priced in Armageddon, earnings season snuck up on us. The question is: when exactly are we going to see the next big move?

For the time being, it appears that inflation in China is under control. While we may not get an official announcement about a monetary easing policy until later this year, I believe we’ll at least see a quiet end to the tightening. And a China that’s back online with spending and lending, my friends, is very bullish.

The world is coming around to my way of thinking and reaching the conclusion that out of this crisis will emerge a stable, strong European Union. Plus they killed the second stimulus.