- BREAKING NEWS! SP500 CLOSES AT ALL-TIME HIGH!
- We're at 1530!
- Watching CNBC pre-market this morning, all I saw were the big-red futures numbers on the ticker. China was imploding because of their big tax hike on stock gains. All the talk was about how this would affect not only China, but the US markets. We got our answer: It's always a good day to buy US stocks.
- Congratulations to those who have remained steadfast and long this incredible bull market. This is an environment where the market timers and traders will have a difficult time trying to beat or even match the market index. When the market goes up almost everyday, the best strategy is "pedal to the metal" and stay long, turn off the TV, go fishing, and watch the portfolio rip.
- More on the Chinese stock markets from Jason at The Trend. China's market today has now surpassed the Nasdaq circa 1998-2000 as the biggest bubble. We all know that in this lesser Nasdaq bubble, it eventually lost 80% of its value and a recession did occur. To think that China will somehow escape this fate let alone a worse one is foolish. China will come down hard and enter a recession.
- Microsoft to unveil coffee-table-shaped computer. "And Jerry, the coffee-table-shaped computer has a coffee table screensaver, and opens up to be a miniature coffee table!"
- In the ongoing saga of Lindsay Lohan... As you know, she was busted for DUI on Memorial Day weekend. But did you know that the little underage drinker was fast approaching her 21st birthday? In addition, she had a booze sponsor for her birthday bash! Troubled actress and AA attendee Lindsay Lohan has lost her Svedka Vodka sponsor for her 21st birthday bash scheduled for Las Vegas on July 2 following the underaged drinker's arrest this weekend for DUI - and possibly a few other charges including possession after investigators found what they believe is cocaine at the scene.
