whidbey

Closing Update for Thursday, Sept. 3: Market Modesty

Thanks,

Nice summary and useful to those interested in both indexes and the principals.

I am always surprised that the GSEs are still being hauled around as possible reorganizations. How can this work? The suggestion points out that larceny lurks in the heart of Wall Street.

There is no fix for these flat tire GSEs and we need to stop flogging the zombies to the market. No one can afford the GSE and if someone does swallow them, we have a new zombie.

Has the Dollar Hit a Major Bottom?

In a word, "no" (bottom) in the dollar. Think what that means if it is true. Capital arrives in boat loads, Congress has been declared incompetent and sent away, and gold has to find a new rationale. It is very unlikely thank heavens.

As for you catching the market and buying in - that is a pipe dream. Pick the strategic sectors you see and build small starting positions to monitor, look at dividend performers as well, and think about bonds, cash and PM as anchors. No one strategy always works over time, but diversification into promising sectors has a high probability of working. If this works out for you we will tax hell out the proceeds when you think you are safely retired. ( Safe retirement is another myth for another day.)

Closing Update for Wednesday July 8

Got to wait for some earnings and the reactions to see the whole card of the table.

If the earnings vector is down we have problems. I am hoping for a run up into Sept starting about July 17th.

After than comes Sept and Oct, both negatives for Q4. I think we follow earnings and a reduction of the multiples which means a lower market.

Dow Price Targets from Last November

Very useless, but in keeping with what we usually get? How do you stay in business? HEY! that may be the problem, you are not in business,just twisting in the wind.

Fast Money Recap. 3/7/08: Oil Will Reach $378?

We never get to see their books. I think that they may talk a little better than they live. They (and Cramer) are really just part of the CNBC zoo that is growing ever more trite.