Reaching for yield almost always ends badly.  (Big Picture also FT Alphaville)

It’s been a while since I have updated the NewsFlashr Business Blog Editor’s Picks, so let’s get right back in the swing of things and highlight a few of the top posts for the week from the sites on the NewsFlashr Business Blog section.

Link order is always ranked by Alexa Ranking:

BGZ Direxion Daily Large Cap Bear 3x Shares

FAZ Direxion Daily Financial Bear 3x Shares

GAZ iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN

MWN Direxion Daily Mid Cap Bear 3x Shares

MYY ProShares Short MidCap 400 Fund

MZZ ProShares Ultra Short Mid Cap400

PSQ ProShares Short QQQ Fund

QID ProShares Ultra Short QQQ

RFN Rydex Inverse 2x S&P Select Sector Financial ETF

RSW Rydex Inverse 2x S&P 500 ETF

RWM Short Russell 2000 Fund

The markets are mixed so far this morning, with the Nasdaq leading the broader market by a tad. Corporate newsflow has been relatively light, and there are no major economic reports to speak of.

Greek worries continue to ease after Frech Pres. Sarkozy said that the EU would support Greece if required to do so, but Greece responded by saying that it will not need foreign help.
The dollar is slightly weak today, but commodities are mixed. Oil is trading higher, above $82, while gold is lower near $1125.

The market is nicely higher in early trading after a better than expected monthly jobs report. Nonfarm payrolls for February showed -36,000 job losses, but this is less than the consensus for -68,000.

Moreover, that consensus figure had been moving lower in recent weeks, from a figure closer to -20,000, as people speculated that the inclement weather during the month would weigh on the employment picutre.