I threw cash at the market yesterday, and was feeling like a Wile E. Coyote genius up through part of today. Then the reversal happened. Of course, Wile E. Coyote is always humbled.
Month-end strength doesn't seem to be working this month. I think some of this is folks getting out ahead of August and September, especially considering the news hitting the wires. But we still have a few days to go.
America Home Mortgage blew up today, and more credit worries hit the market. I still believe that this is known. It's not a secret.
More importantly, the pre-season NFL games start this weekend! I'm not too fired up over pre-season, but for some strange reason I have been following the live-blogging of the Dolphins training camp. It's quite funny in that there is a lot of "less than positive" things going on if one is a Dolphins fan. From yesterday:
* RB Ronnie Brown is once again running tenatively. He also seems to be having trouble with the heat as he is off to the side, squatting on the ground with a towel over his head;
* Trent Green is running the first team. In a bad sign for the season, he was sacked by Matt Roth on the first play.
* John Beck is with the second team and his first pass was a deep incompletion.
* Now Cleo Lemon is running the first team. First two passes were incomplete out of bounds on out patterns to Chambers and Booker.
* The four QBs were a combined 1 for 7 in team drills with the only reception being a swing pass.
* Green just underthrew Chambers in 7-on-7 and was picked off by CB Travis Daniels. Green has been underwhelming so far in camp.
* Beck was picked off by Renaldo Hill off a tipped pass. Beck had thrown behind Chambers;
* Ted Ginn just ran his first reverse. Line penetration pushed him back and he gained 1 yard. But he did look fast;
Tuesday, July 31, 2007
Reversal Tuesday
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