Hey guys, happy Sunday!

Time to kick off another week here at theNetFool.com with a round of Sunday Link Love to honor the best writers of the week. After Penn State railed Michigan in College Football 46-17, it’s been all laughs down here in Happy Valley. It was definitely a hectic week on Wall Street… with the S&P 500 Index recording both its single largest point gain on one day, and its single largest point loss on another day. A lot of mixed feelings around the economy followed the third and final U.S. Presidential Debate between candidates John McCain and Barack Obama. And in the blogging world, we had a couple cool things come out. But I’ll get to all that later… let’s get into that link love! :D

Jim Kukral fills us in with some mentally empowering material, calling for an end to negativity in your world. Blogging Tips helped unveil the new version of WordPress (2.7), and man… it looks GOOD. Thou Shall Blog put in some big effort in making an A-Z list of blogging, very nice work! Desmond blogged about the power of free stuff. As a student, free stuff is my lifeblood… so amen to that Desmond! Finally, Dr. Pain… AKA Garry Conn… wrote about making money watching infomercials, which was a pretty smart discovery!

Stock Market Update
Every week I come in here and talk about how crazy everything is, and every week we get the same insane movements in the stock market. I accurately predicted the short-term capitulation point early in the week, as Monday’s trading yielded the biggest up day in history up, with the market up 11.7%. However, this capitulation was short lived, and we ended the week down. Thursday’s trading may have been the most interesting yet, as we swung in a 9.5% range from negative to positive.

I don’t trust the markets and think things will continue to fall. The problem? Hedge funds. Basically, these big players have been liquidating their holdings… and should continue to do so. There are a lot of economics behind this, but essentially… credit strains and leveraged holdings are going to cause hedge funds to force-sell their shares to comply with new regulations of investment banks becoming bank-holding companies. No more leverage, no more fun. The jig is up on Wall Street for the time being.

People that are calling this a bottom I believe to be wrong. As always, if you are getting a tip… you should question that. If you are a new investor, or are trying to get in, I am recommending that you DON’T. Again, my target has been February of 2009 since who knows when… and I continue to think that I am correct in my logic. This is going to take a while to sort out… profits can be made in index shorts like the SIJ Industrials Double-Short ETF (my personal favorite) and the DXD ProShares UltraShort.

The Net Fool’s October Spectacular Update
Rules have changed, and now everyone can partake in The Net Fool’s October Spectacular. If you’d like to win a Nintendo Wii or other cool prizes, you should sign up and get active as a Market Leverage referral to beat out the competition. Whichever affiliate makes the most money from now until November 15th will take a prize, and there’s a lot you can win. Even if you aren’t my referral, you can get in the contest by reading the contest details and emailing Dina. The leader has less than $30, so winning is EASY!

Blogosphere Update
Alright, so nothing major happened this week on the blogosphere. One cool event that I experienced first hand was the first ever radio show done by Derek from Click Consultants. This guy makes more in a month than most make in a year from his computer, so it’s definitely one to check out! Heck, I even called in and offered my two cents to spur some conversation, so a good time.

As the U.S. Presidential election approaches, I want to encourage all of you to vote responsibly and feel free to ask me any questions you might have for a bi-partisan answer. I know and understand both sides of the debate, so it really frustrates me when I see mindless garbage like a recent Sarah Palin post on TheGermz.com. I unsubscribed from his blog as a result. Seriously folks, there is a difference between polite debate and mindless bashing.

Back into action, I wanted to mention a friend of mine’s eBook, Ryan McLean. The author of SmarterWealth.net has come out with a nice and short eBook called “Make Money Commenting” and he couldn’t quite afford to purchase a review here, so I gave him a free plug! My buddy Tyler Cruz had a pretty funny (and generous) cash giveaway from the Market Leverage “Cashinator” prize he won at a conference.

The Week Ahead
Alright, so this week I’ll hopefully dive into part 4 of my series on Google Keyword SEO. In addition, I’ll add in a nice controversial posting and maybe push through a paid review! I’ve got a lot on the docket for this week, so let’s see how things turn out. I’m making a BUY recommendation for Emerson Electric (NYSE: EMR) in the NLF Mutual Fund I help manage, so that may occupy my time from Monday-Wednesday. Other than that, it’s back to work… and time to turn time into cash!

-The Net Fool

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