- So, just when it seemed as if “sell in May” was gaining some momentum, Friday happened and the market is now back near all time highs. Crazy!
- Reason du jour is a jobs report that, well, met expectations. Wasn’t too hot or cold. Unemployment supposedly fell a tick. As much as we can trust any of these numbers… I will say I think things aren’t as bad as the bears make out to be, and not as good as the bulls make out to be. So things are status quo – and, what’s wrong with that?
- So, Tom Brady to be suspended for up to half a season? Thank goodness for them and their fans that they play in the AFC East, consisting of a bunch of other teams that seem to be stuck in neutral.
- I remain long stocks. I was thinking about trimming on the Friday blast up, but didn’t. Maybe I will regret it. But seems like fighting zero interest rates has been a fools errand.
- Watching the GOP cast of characters vs. the Democratic party’s cast of characters and I’m very worried.
- Here in Sacramento there are water restrictions coming in. Can only water lawn once a week! Maybe it’s time we go full-desert and replace lawns with rock. Lawns are just a bunch of work anyway!
- Britain had an election that was supposed to be close. Or so they said. LOL.
- Anyway. So, baseball season. Nice to have a game on at most times of the day. I did renew to MLB and MILB packages. Always something to watch! Haven’t been that excited about the NBA playoffs. Such is the dilemma of Lakers’ fans!
- Almost done with Netflixing the final season of Sons of Anarchy. What a great show, but it was time to end it I think. Like the seriousness and gravity of the final season so far.
- Also binge watched Bloodline. Liked it! Slow here and there, but it builds…
- I’m not sure what to think about McDonalds. I own the stock $MCD, but have to say that they face challenges with fast casual competition growing like a weed. The stock hasn’t done much, but hasn’t really bombed either. (Although not moving when the market has had a nice run is hard to watch). Also noticing that lines have been picking up recently locally, but I don’t think it’s as crowded as Starbucks! $SBUX.
Saturday, May 09, 2015
Saturday Market Thoughts
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