insert 'mile high club' joke here....

Big waves made this week when news leaked that one of the reasons for Todd Thomson's (top exec at Citigroup) canning was due to his trans-pacific flights on the corporate jet with the money honey...Tsk tsk.

Happy Weekend.

DJIA 12,487.02

NASDAQ 2,435.49

SP500 1,422.18

positioning for the race

One could wonder how to read the resignation of Joe Biden's son from a mid-sized NYC fund. Seems the career runs in the family as Joey's brother Jimmy also is a co-owner in the fund's manager. With Joey B. looking like one of the front runners for the '08 nod, maybe he's cleaning up the family's current CV to avoid embarassing stories and tales of greed and excess as he attempts to present a facade that appeals to the average American voter. Read all about the family, the fund and the step down here.

nice vacation

Took a couple weeks off from posting. Last post was Christmas eve, then the holidays hit and then the bad weather hit and here we are in mid-January. Markets have done pretty well even without my prescient posting.

Happy weekend.

DJIA 12,556.08

NASDAQ 2,502.82

SP500 1,430.73