Monday, June 29, 2009

Monday Holiday Week!

  • The market up a bit this week. My guess is that there are more things working in the bull favor than the bear favor this week. Quarter end means funds will want to own the winners to show them in their quarterly statements.  Month end means 401(k) adds are automatically dumped in mutual funds.  Holiday week means volume will be light and "they" say never short a dull tape.
  • Just a guess.  But that's mine. Up this week.  Oh, and what's been up?  That seems likely candidates for the dog pile.
  • Bad mathE*Trade shares today rose 1 cent, or 1.6%, to $1.29.  It's been awhile since my college math classes, but my Windows calculator has a 1-cent move up from $1.28 to $1.29 being about a .78% move.  The article linked to makes a case for ETFC, but you have to wonder about the numbers they throw around when they're not getting their percentages right. Just saying!  (Disclosure:  Long ETFC).
  • I skipped the Michael Jackson (not pictured) coverage this weekend.  I wasn't a big fan of his music.  In the 80's I was listening to Van Halen and Motley Crue.  From a financial angle, the guy owed $400 million.  So was the guy rich?  He earned a lot, but spent a lot more.  They say he has a lot of unreleased tracks, so maybe there is a lot of money there waiting to be made.
  • Hayden Panettiere has no problem with nudity.  "You never know."  I don't have a problem with her being naked in a movie, either.  Looks like we're all in agreement, Hayden.

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