- The market had an interesting run today, with the DOW briefly topping 14,000. It's not where we've been but where we're going. The sellling into the close looks a bit worrisome. After the bell we had earnings from Intel and Yahoo that seem to be bothering investors in the afterhours. Many are expecting a summertime correction. Will this be the point we look back on in hindsight and say "it was obvious?" Or is this just another brick in the wall of worry that will create a buying point for those on the sidelines waiting for a one-day wonder sale to get long?
- I think we're due for a pullback.
- Fundamentally, there doesn't seem to be much "wrong" with the economy at this point. Jobs are good. Wages growing. Inflation is tame. Interest rates aren't too high.
- You know the real estate slump? How bad is it really? A house in my hood was foreclosed on, then the bank sold it the first day on the market. The foreclosure was at a discount to what the house last sold for, but still.... I think this means that houses were overpriced in the blow off phase a couple of years ago. There seems to be a lot of folks out there trying to snap up foreclosured properties. That doesn't sound like "the bottom" of a housing downturn. Wouldn't we see total lack of interest in homes?
- I went to Reno from friday through sunday. Whenever I travel, I lose all contact with what's going on in the real world. I don't know what's going on in the news, current events, pop star lives, or the like. I think there's an important lesson to be learned from this. When one is away, you are diverted from the day-to-day grind and instead are living life and enjoying your surroundings. We don't do that enough. No matter how much we're told to stop and smell the roses, we rarely do. So... do it!
- Yahoo. Sheez. Google kickin' their butts.
- The past couple of days have been pretty hectic here at the Fun Factory. This will probably continue into next week. Big project implementation. Losing a good programmer. Unfortunately, all this is throwing some monkeys on my back for the time being.
