Lazy Portfolio Performance
Found this on thekirkreport.com: http://kirkreport.com/tkr/Fp6yBa This will take some study but first glance is not encouraging.
Month: January 2009
A “normal” options expiration day with the Dow as high as 8340, low of 8109 and closing at 8280, up 68. Advancing issues led decliners 2:1 on moderate volume, so the internals were petty good. Banks continue to get crushed. BAC down yet another improbable …
See ya
It is options expiration day, no trading for me. The volatility is too difficult to judge. Don’t-let the-door-hit-you-on-your-way-out: saying goodbye to Bush is a catharsis. Knowing he and Cheney are within days of departing the Capitol almost makes me giddy. Bush continues to be lauded …
Well, we got it. Not much of a bounce but I’ll take it. The market didn’t close on its high but what can one expect? Covered my inverse ETFs (SDS. SKF) in the nick of time but missed the best tick. Took a dose of …
Palm
Am still interested in Palm (PALM) because of its new Pre smart phone. Not available for a couple of months it looks like a winner. The question then will be if anyone can afford it. Doubt that many will be giving up their cell phones …
Cutting back
Last night I played cards at my Wednesday night poker match. There are seven of us and we always seem to have a good time. Sadly, I am usually a modest looser and last night was no different. Lost $8. A couple of my friends …
Oh,woe
Well, the Dow was green for about fifteen seconds this morning. But not all of the thirty stocks had opened. Nevertheless I guess that was our bounce. I read that yesterday’s action violated all sorts of technical levels; I don’t pretend to understand all of …
Unbelievable
From tomorrow’s WSJ comes a story hard to believe, It must be a mistake. B of A needed government funds to close the Merrill deal. Here is Barry’s take on it, and he is angry. Time to Fire Ken Lewis of Bank of America Asia …
America Downhill
An op-ed piece in the WSJ by Paul Kennedy must be read. Try to get it. Here are some of his points: America will lose more ground in the years to come than other nations due to exceptional budgetary and trade deficits. No one seems …
It’s B-a-a-a-ck!
The first hour has been brutal. Mining stocks vie with banks as biggest loosers. Citi off another 14%. Spanish stocks being crushed as the threat of the loss of AAA debt rating. Under Armor and Bunge down about 15%. UBS off 8%+ as one their …