- It's friday, and it looks like Mr. Bear is going home with empty pockets. No pic-a-nic basket for you this week, Mister! The market continued to do well in the "favorable" week of the month. We had some good economic news on the jobs and wage front, though it may bring out the Fed jawboners about a heating economy and/or inflation. Something to worry about after the weekend.
- Lathering up with SPF 30 and baking in the sun poolside this weekend? Need a Wall Street page turner? These books demonstate ...the Street still rocking to greed, sex and drugs. Ooh lah lah. I may put down Alan Abelson's column for one of those! Like the coming of age story in Megers & Acquisitions... He "like, dudes" his way through sex goddesses, mere babes, drugs, porno-video, Mexican pirates and half-billion-dollar deals that bear his name but fortunately not his input.
- Popular financial advice you should not take. The four things they list are to build up an emergency fund, buy the biggest house you can afford, get life insurance, and invest in growth. I agree with all but the last item. They have too high of a bond allocation for someone in their 20's. IMHO! But it's all a personal preference thing. If you can't handle risk and are going to be emotional, then trade in and out at the wrong times - maybe they're right!
- Adam Warner on Bollinger Bands... Must reading. I spent some time doing similar studies with the BBands and actually developed a trading model on it that works... sometimes. LOL. Works best when combined with other things. As most models.
- 401(k) plans often have limited fund choices. Like the one the Fun Factory offers. So when the powers that be make a fund switch, you're strong-armed into their group-think. I received a notice this week that Fund A was being de-selected for some reason, and Fund B would be taking its place. Fund A has been a great performer. Fund B is so-so, underperforming the market in every time period back to the Jurassic era, with higher expenses. WHAT? Is someone handing out free crack? Of course, we can stay with Fund A for existing investments but all new contributions go into the Crack Smoker Fund.
- Cheesecake Factory was up .79% today; probably pricing in my visit tonight. Ya think?
- Do you think that this looks like Larry the Cable Guy?
- Michelle has some questions about Al Gore's Live Earth Concert. Knew she would...
- Anna Kournikova was here in Sacramento yesterday playing tennis. It was 118 degrees on the court. Maybe hotter if you were near Anna.
- Anna Kournikova (naked, nude, topless, tennis, racket, swimming, bikini, panties, smoking, kayaking). Trivia? A Texas Hold'em Poker starting-hand combination has been colloquially named after Anna Kournikova: Ace, King (AK), as it's said that it looks good, but hardly ever wins. Also, She has a tattoo of a sun on her bottom.
Friday, July 06, 2007
TGIF (and Anna Kournikova!)
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