Monday, May 07, 2007

Randoms

  • How come it seems like mondays roll around a bit too often?
  • If the stock market is open, that means people are buying stocks and sending the indexes higher (because we're never having another down day again). Except for the Nasdaq, but who cares about yesterday's heroes?  It's all about the DOW.  Maybe it'll be about the SP500 if it can break through 1527.  Say, does Erin Burnett have a "1528" party hat at the ready? 
  • Oh, whenever I mention Erin Burnett, I have to also type in the words bikini, cheerleader, naked, topless, and panties.  Just normal search engine protocol.
  • Still stuck in top 11% in CNBC stock gambling contest, and sold 'em all today and bought WYNN and AFSI for the afterhours earnings calls. 
  • Barry Ritholtz on TSCM's buying of Stockpickr"With the Stocpickr acquisition behind it -- and perhaps several others in the future -- we may be seeing a process where TheStreet.com is diversifying itself from that risk (relying on a single personality) factor. That not only is good for TSCM's shareholders, but potentially  good for TheStreet.com, as they diversify themselves from being at risk from the Cramer-gets-hit-by-a-bus fear. It also improves the odds of someone else potentially acquiring TheStreet.com itself."  That does make sense.  And it also is a splash of reality that there will be a post-Cramer investing era. 
  • I agree with Adam on the Warren Buffett interview on CNBC this morning.  Did you find it revealing or noteworthy?  Or worthwhile?  I turned on the TV to find out what was happening in the market, and I got THAT!  Er, can't we show that clip afterhours, Liz Clamon?  (bikini, topless, panties, smoking, cheerleader, naked).
  • Jeremy Siegel, Ph.D.  Sounds like a TV show, but Dr. Stocksforthelongrun says, "...equities at today’s valuation are priced to yield a real return of 6% to 6.5%."  (The good doctor must mean stocks outside of the DOW, because the DOW goes up everyday.  Duh!)
  • The Golden Boy, Nicolas Sarkozy, wins the French elections!  And as Larry Kudlow says, just more proof that the supply-side Reaganomic revolution has created booming economic prosperity... Oops, I started typing without reading!  Larry actually linked to an NRO article.  "So, if representative democracy works as it is supposed to do, Sarkozy will push through the market reforms that France has needed for at least two decades. He will deregulate its labor market, slim down the public-sector payroll, abandon the symbolic 35-hour work week, reduce public spending from its current 52 percent of GDP, and reform the French welfare state."  I'm sure Reaganomics must be mentioned in there somewhere???
  • Wow, Trading Goddess in the top 2% in the CNBC stock gambling contest.  Bottom line:  WOW!
  • Bullish divergences on the QID?  From Trade While Working.  Yeah, I see 'em

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