- Wow, Microsoft down 11% as I type. How much money just evaporated? $30 billion? MSFT has been in a trading range for the past 4 years, and I've been in and out of it from time to time. As it drifts lower, I'll have to watch it again.
- I think we better get use to the idea of a nuclear armed Iran, as they tell us to shove it.
- The Black Box was status quo last night after giving some buy signals the day before (that I mentioned yesterday). I decided not to take any action on them.
- I think Kellie Pickler has a future in something. She definitely has a media-friendly presence. I listened to Jim Cramer's radio show yesterday, and he was mentioning her in the same sentence as Jessica Alba.
- This idea about giving Americans a $100 gas card is ridiculous. As is the idea about a 60-month tax break on the federal gas tax. Liberals have been wanting higher fuel prices to encourage conservation. Now that prices are higher, they're realizing folks don't conserve because we all have to get places and that fuel isn't a huge expense in our budgets. We can simply adjust by eating out less, renting movies instead of going to the theaters, cutting a few cable channels, and stuff like that. The answer seems to be to increase supply and refining capacity for the short term, and for the long term becoming more fuel efficient and developing alternative energy sources to meet all our energy needs. It's not that complicated. Open up ANWR and other sites for the short term. Get the clean coal stuff going. Build a few new nuclear power plants. And get going on ethanol.
