- The US is #2 economy! The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is no longer the leading economic power on the planet.
- I'm still long the market and believe that there will be a continued uptrend into the end of the year. I believe the rally will be concentrated in the winners, and that the losers will continue to face tax loss selling. That being said, I was hoping for a pullback this week to provide a chance to get long some winners but they keep running!
- Did you see that The Biggest Loser's Damien Gurganious died at 38 after suffering from a sudden onset of a rare autoimmune disorder that caused bleeding in his brain.
- Jim Cramer blesses Kinder Morgan Inc. - $KMI. The energy sector has taken a hit. I wonder if once tax loss selling eases up in some of the names - and that's soon, it could be time to buy a few names. (Disclosure - long $XOM).
- Job report tomorrow. Don't sleep in! You know, this is the recurring monthly event where the government makes the employment rate look better by decreasing the labor participation rate.
- I'm not sure what to think about the white cop - black victim news in recent headlines. It seems that if someone commits a crime and then resists the police, there is an increase risk of something unfortunate happening. Anyway, more protests going on as I type.
- Today is my 2 year anniversary since my $AAPL iPhone 5 purchase. And I didn't go buy the 6 plus! (Thought about it!) Ah, tomorrow's another day.
- So the US deficit ballooned past $18 trillion. But, they say there's nothing to worry about because as a percentage of GDP, the deficit is shrinking. Ya. Uh-huh. Fuzzy math still alive and well - brought to you buy the brain trust at the East Anglia CRU.