Friday, July 18, 2008

TGIF

  • Well, it could've been worse.  With GOOG and MSFT bringing down the Nasdaq, the DOW and SP500 managed to avoid collateral damage and finish in the green.  From Yahoo FinanceFinancial stocks led a late-session push to help the stock market finish the session just above the unchanged mark after spending virtually the entire session in the red. Though crude prices closed lower for the fourth straight session, weakness in the tech sector, the largest in the S&P 500, limited gains. Despite the lower finish, stocks still finished the week 1.7% higher.
  • I remain 100% invested. 
  • Al Gore out there pushing his plan to replace fossil fuels with alternatives.  Sounds fantastic, but without a significant increase in nuclear power plants, it won't work.  Not enough solar and wind technology available to make it work.  We're at 2.5% in solar, wind, and biofuels.  We're at 70% in coal and natural gas.  In order to replace the fossil fuels, we need something big.
  • Oil has stumbled this week, and Barry Ritholtz finds the Ethanol DeathWatch Map.
  • Jason is still on a buy signal.
  • Thank goodness it's friday...  In Sacramento, we've had a pretty cool Summer so far.   It's been a bit smokey, but that seems to have cleared out here in the valley this week.

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