Friday, December 22, 2006

Who's Thinking About Butterflies?

  • First of all, I want to wish you a very Merry Christmas. 
  • The stock market has been good to us this year.  I will be writing more year-end reflections next week, but we all should really consider this 4th-year in the bull market a nice blessing.
  • Over at realmoney, Jim Cramer writes a column What's Behind Sluggishness at AIG.  In case you've haven't been watching TV and those AIG commercials, it's obvious:  They're thinking about butterflies.
  • I think it was Bob Pisani this morning who mentioned that $10B has been removed from stock mutual funds recently.   And gone where, Bob?  I'd think that money has to be invested somewhere. 
  • It would seem that a Santa Claus rally is likely, with stocks swooning this week.  Last year we didn't get the rally in the last week, but most of the time we do.  I might throw a little cash at the QQQQ near the end of the day.  We'll see. 
  • Need to head out at lunch and really finish Christmas shopping... be back!

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