Sunday, March 31, 2013

Monday Preview

Nothing to do with stocks. San Francisco Giants at Los Angeles Dodgers. Cain vs. Kershaw. Bring it.

Batter up!


#210: Stock Thoughts and Happy Easter!

Tuesday, March 26, 2013

#209: End of Quarter Market Thoughts

Thursday, March 21, 2013

Still in Cash!

Still in cash but at a sports book watching march madness! Go Spartans!

Sunday, March 17, 2013

The Cyprus Deposit Levy

Here's the story on the Cyprus deposit levy that charges depositors a percentage of their savings.  Nice.  Anyway, folks are lining up trying to get their money out of the banks.  A bank run!  (Think that could ever happen in other Euro countries or here?  That's the fear.)

In addition, remember the market has been driven by financials.  If financials give way it won't be easy for the indexes to push higher. JMHO.

Europe Braces for Fresh Turmoil With Cyprus Deposit Levy

Europe braced for renewed turmoil as outrage in Cyprus over an unprecedented levy on bank deposits threatened to derail the nation's bailout. The eur... Read more

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Stock Futures Decline on Cyprus

Maybe Cyprus is the new fear in that we will be told the contagion will spread.  But we've been through a few of these contagions before, right?  (And yes I know that eventually all this debt in the world does matter - is that now?)

Euro, U.S. Stock Futures Decline on Cyprus; Gold Gains

The euro dropped to its lowest level this year, stocks fell and the yen strengthened as an unprecedented levy on bank deposits in Cyprus threatens to... Read more

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Back From Las Vegas Randomosity

  • I spent the last few days in Las Vegas betting on NCAA games. I lost some cash!
  • I'm still in cash. Since Feb 12th. I'm still thinking correction, but not sure how bad it will be or when it will come. It has felt like I've been swimming against the tide. But the black box gave a sell signal and I've thought the market has been overbought for awhile. The only correction that came was a 3% one and then back up the averages went. Now we're near the secular bear market highs since 2000 and 2007. Seems like a logical spot. If it is going to happen. Maybe it's a new secular bull market and we'll keep going up - that's the other side.
  • The financial news this weekend... Cyprus bank levies on customers! In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit a portion of their deposits in return for a 10 billion euro ($13 billion) bailout for the island, which has been financially crippled by its exposure to neighboring Greece. That's the kind of precident that would make folks not want to have money in the banks, right?
  • It was warm in Las Vegas. Upper 80's and I think 90 degrees one day.
  • The top story for Google Technology headlines? Girl transforms Zelda into Link on the original Legend of Zelda game. That was a fun game - back in the 80s.
  • Las Vegas was crowded but not as much as when I went in November. The Pac 12 conference tournament was being played at the MGM this past week, too.
  • NCAA bracketology... I think Gonzaga deserves a #1 seed. There seems to be a lot of parity in the league this year, and we've seen Miami and Duke lose games they should win. That goes for Indiana, too. Here the Zags lose only 2 and who they had to beat.


Tuesday, March 12, 2013


Is anyone still interested in $MSFT or a PC?  Seems like you just don't need a PC anymore to do most day-to-day things.  And the Microsoft 8 is kind of  a dud, right?  What about the Surface tablet?  Does anyone have one?

Editorial: Microsoft is singing the right tune with some wrong notes

In an episode of Elementary, a TV reinvention of Sherlock Holmes, there is an audacious product placement for the Microsoft Surface tablet. Holmes, a ... Read more

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Monday, March 11, 2013

Dow rises for seventh day running

Stocks keep moving up.  Seven days in a row!  Everyone is getting excited.  Margin debt is increasing as folks get more speculative.

Yup.  Can't lose, right?

I remain in cash after selling in February.  Strategy is to wait for a correction and get back long.  I feel the correction will be fairly dramatic.  Nobody thinks it can happen with the Fed pumping in $85B a month, right?

Stocks creep up; Dow rises for seventh day running
NEW YORK (AP) — The stock market crept higher Monday, pushing the Dow Jones industrial average to its seventh straight day of gains. Boeing was the D... Read more

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'HiddenApps' Hides Apple iOS Apps

A pet peeve of $AAPL iPhone and iPad owners has been "apps you don't want" and can't remove that come standard with the iOS device.  Personally, I drop them in a "lame apps" folder and move that folder to the last page of my apps, all by itself.  But here's an app that does that for you.

'HiddenApps' Hides Stock Apps, iAds and More on Non-Jailbroken iOS Devices [Update: Removed]

An app that hides the standard apps on the iPhone like Stocks or Newsstand has evaded Apple's App Store approval process. 'HiddenApps', a free downl... Read more

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NYC's Drink Ban Halted

New York's ban on large soft drinks was stupid.  Glad to see it thrown out.

Sweet victory! NYC's sugary drink ban halted

A judge has halted the ban on sugary drinks over 16 ounces, set to go into effect in New York City. New York Supreme Court ... Read more

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Thursday, March 07, 2013

Another Day, Another New High

The Dow continued to make new highs today. Many are citing the $85B a month of Fed quantitative easing - Don't fight the Fed! Many are also seeing the improving economic numbers coming out and thinking that the worst is behind us and the economy will continue to grow.

The non-farm payrolls number will be an interesting tell tomorrow. After all, one of the reasons the Fed continues to pump cash into the economy and artificially drive down interest rates is to get unemployment down. If the numbers come out showing employment is improving, one has to wonder if the Fed may start thinking about ending their easing policy. What impact will that notion have on the market?

Just thinking out loud.

Still in cash. Still missing these daily ALL TIME RECORD HIGHS on the Dow. Yikes. Waiting for some sort of correction. I get the feeling I'm not the only one waiting for a correction, thus every little dip gets bought right back up. LOL.


Wednesday, March 06, 2013

#208: Wrong so Far

Tuesday, March 05, 2013

The Sell Signal - Wrong So Far

I've been battling a cold, but I did want to admit that I've been wrong about the stock market. I went to cash on February 12th and while just a week ago Monday I thought I was on to something, the market took off after a 3% correction and today the Dow made new highs. There are a lot of things not to like about the economy, but the stock market seems to be telling a different story.


And price is the ultimate indicator, right?


Yeah, transports. I know. Transports. LOL.


As I mentioned on the Audioboo / Podcast, I've been really tempted to short-term trade the market. I wish I had! But I am still in cash not doing anything.


I still believe the market is in for a correction, and don't anticipate getting back long until later. But it is hard to sit in cash.


Anyway, catch me on twitter in between the cracks here. I've been relatively "off the grid" compared to normal, but hope to get back in the groove soon.