Tuesday, November 28, 2006

The N-Word

  • Of course, here at The Learning Curve, the "N-word" refers to the Nasdaq and nothing else. Yesterday, that was certainly a dirty word!  We saw a huge distribution day and some major damage done to the leaders of this rally.  GOOG and RIMM got hammered, and continue to look weak today as the market tries to figure out where it wants to go.  I continue to remain in low beta holdings with some cash on the sidelines.  I've trimmed some of my short-term plays and booked some gains, as it is difficult to trade on the long side when the market is up against a headwind. 
  • It'll be interesting to see how the market closes as the last hour of the day is usually the most telling as far as how the institutions are leaning.
  • Nancy Pelosi and Harry Reid have a new priority when they take control in January:  Ending racism.  Nancy and Harry hoped to tackle health care, global warming, and the minimum wage.  But with Michael Richards (aka Seinfeld's "Cosmo Kramer") launching into a tirade last week, the priorities have been shuffled.  All they have to do to end racism, is ban the "N-word."  That should do it.  Then we can finaly move on.
  • More... Jesse Jackson calls for an end to it. Paul Mooney says he'll give it up And MSNBC going for ratings sweep rankings, is going to show a documentary on the N-word.
  • No word from Nabisco on whether or not they will assist in the War on Racism by renaming their Saltine Cracker to something less offensive.
  • You're going to need a bigger family room with that new 70-inch plasma TV!
  • Yesterday I mentioned catching up on the TV series Jericho, still worried that the series may be cancelled and I'd be left in limbo.  It looks like I can delete the episodes of Nine from my DVR.  Cancelled due to low ratings.

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