Friday, August 08, 2008

8/8/08 Really Big News

  • Yeah, yeah.  China olympics in Beijing.  Thousands of folks dressed up in costumes and banging on drums.  Got it.  Nice LCD screen, by the way.
  • Meanwhile, the big news is the signing of Chad Pennington (not pictured) by the Miami Dolphins.  Pennington was immediately named the starter.
  • The announcement sent the DOW up over 300 points.
  • I don't know what you're thinking, but there has to be a way to trade these NFL QB moves.
  • Heading into the weekend, I remain 100% invested.  We're heading into options week, and it's hard to imagine that could add any volatility to what we've been seeing.
  • The Long-Short system remains on a buy.  Duh, of course.  Nearing the top of the range so it'll be interesting to see how it acts next week.
  • I think a lot of IBD followers are still on the sidelines.  We did have the confirmation day, but we haven't had the kind of leadership one would like to see in a New Bull Market.
  • I think the Fed is on the sidelines until after the election.  Maybe some random comment about inflation or such, but they'll steer clear of The Main Event in November.
  • John Edwards says, well... He did it.  With Rielle Hunter.  Another headlines grabber for awhile.  Aren't we getting a little numb to this stuff by now?
  • Oh, that's Dolphins rookie cheerleader Jennifer!

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