- CNBC was just ridiculous this morning with the tick-by-tick watch of the DOW as it breached the 2000 record highs, if only briefly. Market now drifting a bit lower. It'll be interesting to see how the market wraps up the month. Month-end seasonality normally hits around now through the first few trading days of the following month with 401k adds. Some of the quarter-end stuff may have already been done in the preceding days, though. I do believe fund managers want to make sure the hot names appear on the books, while the cold names are off the books.
- Still have some cash on the sidelines awaiting a dip that hasn't come. Yet. Not frustrated. Just being patient.
- The Oakland Raiders are on the clock (for the 2007 #1 college draft pick). After two discouraging offensive performances, many observers are already calling the 0-2 Raiders the team most likely to finish with the worst record in the league and earn the top pick in that annual talent harvest.
- The War on Trans Fats! New York proposing banning trans fats from restaurants. The proposal would give restaurants six months to switch to oils, margarines and shortening that have less than 0.5 gram of trans fat per serving. After 18 months, all other food would also need to contain less than 0.5 gram of fat per serving. The next thing you know, the only thing on the menu will be oat bran and broccoli.
- So, Microsoft (MSFT) will release their 30-gig Zune for $249 on November 14th, and songs can be downloaded for 99-cents each. For $14.99 a month, folks can subscribe and listen to any song on the Zune Marketplace. Try to stifle the yawn. Does anyone care?
- Natural Gas: price really has no where to go but lower. Does anyone believe that? I don't. When is a good time to go long on natural gas?
