Monday, July 17, 2006

Dazed and Confused

  • Kirk says today was like watching paint dry, and that investors are dazed and confused. Lets cue the Led Zeppelin and try to get our way through it
  • The markets were basically flat today.  At some point, I think the market gets tired of watching current events and get back to looking at economic events.  We're in options expiration week, which tends to be positive.  We have earnings up the wazoo and also inflation data coming out.  All of this AND Bernanke speaking!  We should see some volatility on all of this.  There is some heavy gloom and doom on this market.  It started down before the Middle East violence, and even if that gets discounted the market will have to find something in the economic data to get excited about. 
  • President Bush and England's Prime Minister Tony Blair were chatting in front of a microphone they thought was turned off (video).   Some transcripts are a little different.   Here's one from BBC.  SkyNews has one here.  From the Financial Times.  What comes across to me is the friendsihp and chumminess between Bush and Blair.  It shows that the relationship between the US and UK is pretty strong and united.  Certainly better than all the prepared remarks.  This is the way they chat.  Interesting.  Bush is right, they gotta stop doing this shit.
  • Well unforuntately, I didn't work out at all this weekend.  Didn't take the kayak out.  No biking.  Nothing.  I feel really lazy, but my energy levels are tapped and this cold is making me tired.
  • Hmm, Beer League the Movie.
  • Nap time again.
  • In edit: Adding this from Market Power, more Zidane goofiness...

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