Friday, August 08, 2008

Smokin' NDX!

  • The market is smokin' hot! NDX breakout!
  • There seems to be an inverse relationship between oil and stocks.  Pete and Repeat go out on a boat. Pete falls off.  Who is left?
  • I think I just made Adam's head explode.
  • Isn't oil now officially in a bear market?  Peaked at $147, now at $116.  That's over 20% according to my Windows calculator.
  • Stronger dollar, too.  Isn't it near a year high against some others?
  • When one buys a house, one hopes that later it can be sold at a higher price.  In order to do that, what we really need is wage inflation.  Somebody has to make more money down the road to buy that house.  We haven't had much wage inflation at all the past few years. 
  • IBM cuts wages of 3500 in New York.
  • Haven't tried to fix Black Box Jr.  yet.  Maybe a weekend project on some upcoming football weekend. 
  • But the Long-Short NDX is still on a buy for the QQQQ.  That one's working out so far.  1-1.  It's NEVER failed!  Like Eli Manning in Super Bowls. 
  • One cool thing about DirecTV is being able to set the DVR over the internet.  For example, like setting the DVR to record the Olympics tonight!
  • There are a lot of hot Asian chicks in China.  FYI.
  • So with Obama giving Michigan and Florida full delegate counts at the Democratic National Convention, how hard will Hillary work on changing a few superdelegate minds between now and then?  Just watching the radar, that's all.

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