Wednesday, October 05, 2005

The Hump, the Hump, the Hump.

What's this about an October swoon?

 
* Wednesday is Hump Day, right? Duh.

* My coworkers were telling me today that they think I'm a workaholic.

* The October swoon in the market? Gee, that'd be convenient. But the selling picked up today and now we've breached support and the 200dma on the SP500. Will the shorts come in tomorrow in earnest, believing we're on the next leg down? I'll have to head home to run my stock indicators. I don't like to sell weakness. I'd rather buy weakness and sell strength. So, I could be near a buy signal. Earnings season gets going soon, so that could be a catalyst to whipsaw the folks who are shorting this week. We'll see. I'm still long, but will rotate into higher beta holdings once I have a buy signal.

* The Amazing Race? See, that dad was a jerk (from the elimination team). At the end, he's talking about not blaming anyone, yet during the show he's blaming "the driver" (his son) for taking the wrong route. When the dad was the guy in the wrong all along.

* They say your fingernails can tell a lot about your health. Color, streaks, thickness, etc.

* That Earl show on tuesday nights? Neh, not so great.

* Everybody seems to be trying to form an opinion on Harriet Miers. When Bush said he found the best person he could, maybe that was in regards to the ability of being nominated. No paper trail to speak of. Maybe Bush set out to find a conservative nominee who the Democrats would have a tough time opposing. On the otherhand, without a track record, some in the Republican party may be wondering if Bush is blowing his chance to appoint a conservative.

* I haven't heard too much talk about the new Fed Chief yet. It'll be the end of an era when Alan Greenspan's term runs out. There's a column today in the WSJ about Bush's potential picks. This will be a big deal, because Greenspan has been an inflation hawk.

* Those biotech stocks are sure dicey, eh? Feast or famine. Today, Humane Genome fell 30%. Hope you didn't own any.

* Tom Cruise and Katie Holmes expecting a baby...

* Do you ever read Don't Link this? I guess on the web, we should say dontlinkthis.com, huh?

* "One bourbon. One scotch. One beer." George Thorogood.

* How many of you checked your fingernails? 'Fess up!

* When was the last time you had Doritos? (Right now!)

* Who wants to dress up as Harriet Miers for Halloween? You'd be a hit at your Halloween party for sure. The first thing folks would ask, is "Who are you?" Because nobody really knows. I'm looking forward to the Saturday Night Live parody already...

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