Tuesday, July 03, 2007

Minimum Day!

  • The market has a minimum day today! I heard Mark Haines mention this morning that the day before exchange holidays are up 80% of the time.  Of course as I mentioned last, Norm Fosback has a seasonal investing methodology that would dictate that you be in the market the two trading days before exchange holidays.  Bingo this time!
  • Did you see Melissa Lee this morning on Squawk Box?  Maybe it was a little chilly on the floor today.  "The air conditioning is working!"  Just saying.  Sorry that I don't have a snap of here in that blue top she had on this morning!
  • Lewis "Scooter" Libby gets his prison term commuted, and the left is outraged!  Ever heard of Mark Rich, folks?  This is what Presidents do.  There may even be a full pardon coming.
  • Alyssa Milano is bleeding Dodgers blue on her blog.  What a baseball nut.  I saw a clip of her on The Best "Darn" Sports show recently, and the girl loves the game.  She says she has season tickets and goes to every other Dodgers game.  Wonder who she splits the tickets with?  And how did that come to be?
  • One-third of Americans abuse alcohol.  I don't know if that's startling or not.
  • You know Melissa Lee has a blog, right?  In today's entry, she blogs about Blackstone and LBO Boom:  Watch the Credit Market.  Excerpt:  As I write this, Blackstone  (BX) shares are up more than 1%, but still below $30 a share and below the offering price. And the grave dancers who have been predicting the LBO boom say: See? We're right! Investors don't want to bet on Steve Schwarzman anymore.
  • Got home late from Reno last night.  Yeesh.  One of these days I'm really going to have to think about getting some serious sleep.
  • Tax-managed funds outperform non-deductable IRAs.  Interesting.  Careful use of tax-managed funds can produce up to 9% better long-term returns for retirement than tradition tax-deferred investing, a new study shows.
  • 4th of July already.  Holy smokes.  It always seems like the summer flies by from this point.  The next thing on the agenda is the Fantasy Football drafts, right?
  • Melissa Lee naked, nude, topless, smoking, CNBC, headlights on....

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