Wednesday, June 04, 2008

Liberty City Mayhem!

  • Liberty City Police Face Allegations Of Incompetence, Brutality "Perhaps even more alarming, city records indicate that more than 75 percent of perpetrators in mass-murder or vehicular-manslaughter cases escape, usually by simple methods such as driving into a car-repainting facility. Criminals have even eluded pursuit by walking into their apartment and going to bed for six hours, after which the search has been called off."
  • An interesting tape in the market the past few.  On the surface it doesn't look too encouraging.  But something's not right with what the bears are saying is the end of the bear market rally and resumption of the bear market.  I like what I see in the Nasdaq.  Staying long and enduring the pullback here.
  • Yahoo finance blames Ben Bernanke for adding selling fuel to the selling fire, when he jawboned about inflation again today.  As in, the market was already in a bad mood and the Bernanke comments just gave more reason for selling.
  • Last week I dumped Yingli (YGE) with a small loss.  I always hate selling on weakness, especially when it seems like stocks tend to bounce shortly after I sell!  But YGE continued to collapse with other solars today.  I guess the contrarian thought would be that Everyone Is In.  Everyone wants green energy.  Everyone believes in green energy.  The buy recommendations are overwhelming compared to the sell recommendations.  Maybe the stock run is over for awhile in that arena.
  • I guess a big contrarian play here would be to go long financials!  Does anyone like those?
  • The falling US dollar affecting video gamers!   Here is a quote from Michael Pachter, a professional analyst, “The shortage demonstrates one consequence of the weak dollar. We’re seeing companies ignore their largest market simply because they can make a greater profit elsewhere”
  • I suppose we all expect a dirty campaign season between Obama and McCain, but this proposal from McCain sounds interesting.  McCain suggested at least 10 town hall meetings, once a week, ending the week before the Democratic nominating convention in late August, with locations to be determined by the two campaigns.  I'm all for something different.  You?

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