December Stock Rally!

·       The December. Best month for stocks of all the months they say.  Party on, Wayne.  The market inches up near the all time highs… again.

·       So, $YHOO to spin off the core Internet business?  Leaving Yahoo with… uh, what?  Remember when Yahoo was the internet home page?  Kind of like the evolutionary process from the local BBS, to AOL, to Yahoo.  Kind of sad to see it wither away.  Not sure where they went wrong.  Maybe the competition is better.  Still good for fantasy leagues, although I think most of my leagues have moved on to ESPN.

·       Good column at Barrons on $JNJ.  I’ve owned Johnson & Johnson for awhile.  I just think it will always be around.  No more tears.  I use it in my dividend stack of stocks, and don’t expect it to be a growth monster, but should move up over time while paying out cash.  Maybe it gets interesting if they break it up.

·       Streaming The Man in the High Castle on Amazon Prime.  Pretty good.  So far.  I’m about half way through…  Jessica Jones next on the $NFLX – Netflix.

·       Did you read where Donald Trump wants $5M to participate in the next GOP debate?  He’s not my guy, but I’d be tempted to not pay him.  Call his bluff.  Can you imagine him telling the Climate Change conference that he’s not going unless they pay him money?  Wait – that’s probably true for most of the folks that go to that, right?

·       I keep thinking that I need to reallocate my portfolio.  Maybe towards the end of the month.  It’s very high beta right now.  At least the trading portion.  I do have most in SPY.

Tuesday Randomosity

• $SPY - The stock market reversed early gains today after Fed Head Janet Yellen indicated that some equities may be in a bubble. Hey but the economy is fine, the Fed will continue stimulus but still plans on ending it by October. Oh, and rates will remain low. 

• $MSFT - Microsoft to announce job cuts this week.  

• "Tax inversions" still in the headlines as US companies try to avoid the high 35% domestic tax rate for lower rates abroad.  Why not lower the US corporate tax rate?

• $INTC - Intel beat earnings today. That was good for about a 4% pop after hours. 

• $YHOO - Yahoo down around 2% after reporting earnings and lackluster ad revenues. Hmm.  Are folks going to pile into this for Alibaba or is the best way to play Alibaba just to buy Alibaba?  

• Still long the market with a little cash.  Not much.  Market valuations measured by PE is right near historical averages.  It would be good to see profits grow rather than PE multiples to continue to expand.