- It's been a rough few weeks. It hasn't been pretty. The stock market has tanked. It's a bear market in the DOW and Nasdaq, and the SP500 is but a few points away. Close enough. Grrr.
- I remain 100% long and the recently-lame Black Box remains on a buy signal. I'm contemplating my trading strategy for the 2nd half of the year. I'm underperforming the index a bit, but not by too much. Still, I've passed on chances to become less aggressive on previous bounces. I anticipate some kind of move up, and not sure if I'll get less aggressive on it or not.
- I don't think the economy is horrible in itself. I think fuel prices are just a huge drag on it right now. I don't see an end to it, because none of the politicians are talking about it much (policy wise). Quite confounding. Quite annoying. Losers.
- Checkout the Clipmarks in the sidebar, and also notice the last blog entry. Cool utility for quick and dirty clipping and commenting from around the web.
- The Dow in Euros. Very dramatic chart.
- From the Business Pundit, 8 Companies Behind the 4th of July.
- From the WSJ, stocks have been negative for10 years. That's just in the US. Hasn't it been about 30 years since the Nikkei peaked?
- I made the mistake of buying an HD DVD player last year. Talk about the last bull to the party. Shortly thereafter, Blu-ray won the format wars. I had some gift cards burning a hole in my pocket, so I picked up a Playstation 3 over the last weekend, so now I can do HD all over again. And games. Not exactly "pick up and play" like the Wii, though.
- From Normxxx Ruminates, Economy Extends Job Losses.
- China Mobile working towards iPhone deal. (Disclosure: Long AAPL).
- Paul Kedrosky's book recommendations...
- Did you see the movie Mad Money with Queen Latifah and Katie Holmes? Now I know those two names make you instantly think "red carpet awards" coming, right? (Oscar, Emmy, Grammy, or whatever they're called). Not. Even. Close.
- My friend told me to rent Mad Money in Blu-ray to see if it's any better.
- Loss is the Rite of Passage to Wealth. I kind of named the blog after what this article is talking about. Going down the learning curve, figuring things out, etc. Although it comes across as a bunch of mumbo jumbo.
- David at The Shark Report on the close notes, Don't forget all the bulls who anticipated great stuff for drug stocks with a W administration- note the index is down about 25% during his 7.5 years in office. So watch out for what folks are predicting with an Obama or McCain win. Fade it?
- What? From Market Power, the Seattle Supersonics are leaving Seattle for Oklahoma City. Check it out, for the economic impact to a city. Cool.
- Eh, I've had it for a day. A week. A first-half of 2008. I love long Summer weekends. BBQ. Pool. Beer. Sunshine. Etc. Hope you all have a great weekend.
