Monday, July 07, 2008

Summer Market Slam Fest

  • I don't know about you, but I'm still recovering from a few Summer backyard barbeques. At least my vitamin D levels are running at full, after plenty of full-sun exposure.  Hanging out with friends poolside with a few beers is always a good time. 
  • Which is more than can be said of today's stock market.  I didn't bother to look at the market over the weekend.  Didn't update the charting software. The Barron's went unread.  Just decided to unplug from it all and reset my brain.  Not that this changes what's going on in the markets, as the bear market continues to drag down retirement dreams and college savings plans.
  • Marketwatch says, U.S. stocks turned steeply lower Monday afternoon, sending the S&P 500 into bear market territory, as worries banks would be slammed with more mortgage-related losses overtook earlier optimism sparked by a big drop in the price of crude.
  • Crude goes up, bad for stocks.  Crude goes down, bad for stocks.
  • Commodities getting slammed, too. 
  • It's a Summer Slam Fest.
  • But AAPL is up.  (Disclosure:  Long).  Big launch at the end of the week!
  • Lunch time...  Uh... Subway!

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