- The market continue to amaze me. We're not up much but there seems to be no interest in selling. Status quo. Yet, the DOW is just a few ticks away from A NEW RECORD. How quietly has that happened? Towards the end of June (before the monthly and holiday strength), folks were getting a tad nervous as the SP500 slipped below 1500. But here we are. SP500 now ticking at 1531 as I type.
- I continue to be in the same position with core holdings being low beta stuff with some cash. But today have took some partial gains in the mo-mo high fliers (and letting the rest run), and also adding some names that have pulled back to support/moving averages on low volume and set up to run (hopefully).
- Jason at The Trend says the buy signal is still on.
- The Trading Goddess adds a new look and feel to her blog. Don't worry; the pics are still there...
- Barry Ritholtz writes about CNBC.com placing their video segments behind a subscription fee. They want $14.95 per month to view their clips. Or, if you subscribe for the full year, its $169.95 -- an astounding savings of $9.45! Barry wonders how many subs they'll sell. I won't be buying one. You? I barely pay attention to CNBC when I have it on in the background. I can't imagine paying for the website.
- Ben Stein's view of the economy from abroad. Ben writes about subprimes, the economy, etc. Good read. But he closes it with a dressing down of America's... dressing! Finally, to change the subject, I'm impressed at how badly most Americans dress for work. Even at major banks and law firms I see Americans dressed like small children. How can a client have confidence in people who show up dressed as if they're going to a rock concert? If you were a client, who would you like -- the guy in jeans and sandals or the guy in a nicely tailored suit and well-chosen necktie? I'd agree, Ben; however, I'm working from home today in gym shorts and a raggy T. LOL. I think it depends on the business, Ben.
Monday, July 09, 2007
Status Quo Monday
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