- Selling momentum picking up speed as the market down over 6% as I type. Yahoo finance says that buyers are sitting on the sidelines. Maybe they're shopping. It's Cyber Monday!
- Over the weekend, I was catching up on podcasts via the iPhone. One radio show that isn't here in Sacramento anymore is the Tom Leykis show. I subscribed to the podcasts and have been listening to the economic-related ones. The one I'm listening to today is the one on what folks are cutting back on during tough economic times. Leykis brought up the book The Millionaire Next door and how that most rich folks got that way by being frugal. So he mentioned that he himself was cutting satellite radio service, extra cable TV channels, and cooking at home more often. More later as I listen.... LOL.
- I remain bullish on the economy. I think the gloom is overplayed. Black Friday shopping was up over last year. Folks have more money with fuel prices and mortgage payments down. I half wonder if the gloomy media is being played so that "drastic" political changes can happen next year. It's as if the propaganda is trying to convince everyone that paying higher taxes is the elixer to solve the economy's ills.
- Be. Very. Skeptical. That's all.
- Trump Entertaiment to miss interest payment. Facing tough competition and sliding revenue amid the economic meltdown, Trump Entertainment Resorts will have to skip a $53.1 million interest payment scheduled for Monday on its 8.5% senior secured notes due 2015 in order to maintain sufficient liquidity. Why anyone would invest in a Trump business remains a mystery to me.
- I'm also skeptical of Trump. But he does know how to play folks.
- Barack Obama names Hillary Clinton as Secretary of State. Robert Gates will stay on as Defense Secretary. So far, I'm happy with Obama's choices. Not seeing too many crazies being assigned posts. Mostly folks who are in the political center. Hooray for Barack.
- Should HIV/AIDS testing be mandatory for those 13-years old and up? In the United States, HIV affects more than one million people, and about 20,000 new infections are caused each year by people who don't know they have HIV. Screening can help identify undiagnosed cases of HIV infection and prevent further transmission of the virus.
- I'm surprised that the US didn't require testing and go after this more aggressively early on. Maybe it was a political thing because of the community mostly affected by HIV/AIDS here in the US.
