Ho hum... Another day, another advance in the markets. I'm beginning to expect this sort of action everyday. You know, we get the shaken and stirred out early, then the market advances. Can lead to complacency, me thinks. Until it does, just sit on the porch and sip lemonade. (I get an image of an investor with a tall cool glass of lemonade watching the early selling saying, "Just wait for it. It'll turn up. It always does. 'nother lemonade?")
Lets go to the randoms...
- Blogger has designated Adam's blog as a spam blog. Huh? What say you, Jackie Chiles? "Deplorable, unfathomable, improbable, outrageous, egregious … PREPOSTEROUS!"
- With the slow economic quarter behind us, it looks like nothing but blue skies ahead. Which means more demand for oil. Crude-oil futures rallied Monday, boosted by a combination of factors, including an increase in fuel demand, escalating tensions between Russia and the West, and the risk of a cyclone hitting the Persian Gulf.
- DK blogs about market breadth: Does it even matter?
- I mentioned Battlestar Galactica in the last blog entry, but have since meandered around the Fun Factory yakkin' it up with the Sci Fi nerds here. Which includes me. Anyways, we're all in consensus that the last season was less than spectacular and that it'll be interesting to see how they wrap up the show. It's more of a Sci Fi soap opera than anything. Very enjoyable while it lasted. And in hiatus until next year sometime.
- Value investors talkin' Turkey, from Controlled Greed.
- Larry Kudlow blogs: Rudy blasting Hillary. Rudy blasted Hillary’s tax hike plan yesterday calling it an “astounding, staggering tax increase.” Who writes Rudy's speeches, Jackie Chiles?
- Vanguard international ETFs have low fees. I think Vanguard is likely to take over the bulk of the ETF world with low expenses. Others will be forced to drive their prices down, or offer something other than just index strategies. For sure, Powershares and others have ETFs that are more strategic/formula based.
- Congress is looking to fix the AMT (Alternative minimum tax). It'll require tax hikes elsewhere to cover the losses...
- For the first time in years, I saw *unfrosted* blueberry Pop-Tarts at the store. Yeah, unfrosted. The best. You know, I didn't check the expiration date on those... Hmm.