Friday, September 01, 2006

Run With the Crowd Today

  • Well, today is the wrong day to be contrarian and the right day to run with the crowd. The day before Labor Day is historically positive and it is September 1 when 401(k) additions are dollar-cost averaged into mutual funds, it's easy to understand why the market is moving up. And nobody is around in the afternoon to sell as folks hit the road for the last vacation weekend of the summer.  I think betting on an up move today is as easy as betting on a turkey dinner for Thanksgiving.  If you're a bear and short today, it's like you're betting on egg salad sandwiches on Thanksgiving.  No way, Mister. 
  • "Carolyn, you're fired!"  Carolyn Kepcher, a Trump organization executive famous for her role as a tough-talking judge on the hit television reality show "The Apprentice," is being replaced on the show by his daughter and is no longer with the company, a Trump representative said on Thursday. 
  • Sexpo is going on this weekend in South Korea, if you're looking for something to do.  But, looks like the "live striptease" and underwear modeling is a no go due to models not having the appropriate visas.  "I came here for a show and all I have is this leaflet about sex toys. What's going on here?" said one man in his mid-60s who asked not to be identified.

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