Thursday, August 02, 2007

Thursday Quick Hits

  • The market closed... up! There may be some folks out there thinking that this is just a dead cat bounce or a countertrend move to the "first leg of the decline" in a new bear market.  I'm not so sure.  We are still in the monthly strength period, but I do believe the economy is stronger than what the naysayers claim.  I remain nearly 100% long after the buys earlier this week.
  • Could be in for a trading range. 
  • Culpepper a Raider.  LOL.  You think that offensive line is any better than Miami's last year?  And Pep was having trouble throwing before his injury, back with the Vikings!
  • The next Tickersense poll coming out soon.   Look at the percentage of bulls in the July 30th version.  Sheez!
  • From Alphatrends, Bottoms are a process.
  • Jordan "The Wrath of" Khan believes the oversold bounce will continue.
  • Housing Panic looks back at the real estate bubble days of 2004-2006.  My favorite comment here is "they're not making any more land!"
  • Michelle Malkin notes that John Edwards seems to be basing his campaign on himself being the candidate who hates Fox News the most.
  • Barry Rithotlz notes that Apple has sold 3 billion tunes via iTunes.  The iGolden Arches of music!
  • Crazy busy at the Fun Factory.  When the late afternoon hits, my eyes are seeing double on the computer monitor. 
  • My thoughts and prayers go out to those in Minnesota.  I was glued to the TV last night watching the news coverage.  Incredible.

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