Thursday, December 21, 2006

The 7th Year

  • I was thumbing through the 2007 Stock Traders Almanac over a bowl of soup last night, and noticed that January in the 7th year of Presidential terms has an incredible win streak going. It would be interesting if those contemplating a selloff in January have it entirely backwards.  Also noticed that the first 5 days of January are a great predictor of how the market will do for the year.
  • If I had a dime for every nickel I have, I'd have twice as much money.
  • As I type, the Philly Fed report shows some economic weakness and that seems to have initiated some selling.  That and maybe people front-running the anticipated massive selling that awaits us in January.  Volume should lighten up through the rest of the year, but that doesn't mean it doesn't matter.
  • If your Christmas Eve plans included running nude through the streets in Zhengzhou, China to discourage the use of "excessive packaging" in the wine industry, better make other plans!  Did they really say "excessive packaging?"
  • Al Gore caught warming globe to increase box office profits?  "We have accounts from concerned citizens that Mr. Gore purchased a Cadillac Escalade SUV several months before [his film] opened in theaters," said Kimberly Blume, spokeswoman for the California-based environmental group Friends Of The Earth. "Not only did Mr. Gore use his new gas-guzzler to make short trips to the grocery store, he also left the vehicle running 24 hours a day in the driveway of his Tennessee home with the air-conditioning on full-blast."
  • Heading out at lunch to finish up Christmas shopping!

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