Friday, August 29, 2008

labored day

What better time to get to work than the Labor Day weekend and Labor Day itself. Celebrating tomorrow. Good times.

Another busy week.

-Obama gets the presidential nod from the Dems at their party, names JoJo Biden as his Veep - looks like a good ticket even if Biden's son and brother can't seem to stay out of the news with their HF's and lawsuits
-some guys are really knocking the cover off the ball this year - and others getting absolutely clobbered
-US Open going on in New York
-big conference going on in Bermuda in late October
-Hurrican Gustav looks to be gaining strength and heading towards the gulf coast. Possible oil ramifications and more bad news if it makes landfall
-the four horsemen: GOOG, BIDU, AAPL, & RIMM - volatile, volume and very profitable
-time to put away the whites as another summer unofficially comes to an end
-schedule really opens up on Tuesday - time to roll it out big time

Happy long weekend.

DJIA 11,543.55

NASDAQ 2,367.52

SP500 1,282.83

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Friday, August 22, 2008

a list of events

Busy few weeks, out of town again, traveling, time off, working here and there, meanwhile the world and the markets march on. A few of the highlights:

-the dollar has rallied against its major currency foes
-oil has cratered
-SEC is tinkering with the downtick rule and naked short selling
-Freddie Mac and Fannie Mae are having major problems
-Obama picks Biden as running mate
-Biden's son and brother are in the HF industry and currently being sued
-commodity prices continue to decline causing pain where there was once so much joy
-some big names in the HF industry are having very rough first halves of the year
-hurricane season is upon us and forecasts call for an active season with multiple landfalls
-major market indices continue their ever-so-slow upward trend
-big news and events coming out of RCA and RCDEF, LP

Happy Friday.

DJIA 11,628.06

NASDAQ 2,414.71

SP500 1,292.20

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Sunday, August 17, 2008

inching higher, inching closer

still staying within the upward trending channels, the 3 major indices were fairly flat for the week, although the Nasdaq probably got the best of the 3.

Happy weekend.

DJIA 11,659.90

NASDAQ 2,452.52

SP500 1,298.20

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Friday, August 08, 2008

making gains

an up week for the street - pretty rare these days- brought the indices to the top of their upward trending channels, although still in a major downtrend, the bulls have had something to cheer about lately.

Oil continues to plummet - looks like T. Boone got his way.

The election is entering the spin zone for the next few months - the swing vote is still out there though.

Olympics start today - lots of commercialism, nationalism and politicism. Sports are in there too somewhere.

The office is dug-out - the organization is coming together...nothing left but the doin'. Bermuda, the Breakers, NYC, Bean-town, SF - a whirl wind of possible travel.

Happy Friday.

DJIA 11,734.32

NASDAQ 2,414.10

SP500 1,296.32

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Friday, August 01, 2008

new day, new month

August has arrived. Another Friday - another down day in the heat of the summer.

Happy weekend.

DJIA 11,326.32

NASDAQ 2,310.96

SP500 1,260.31

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