Friday, June 26, 2009

TGIF Randomosity and Farrah Fawcett

  • I think the stock market could put on a rally for quarter end and month end. Especially the leaders (Nasdaq 100).  We'll see if that's too obvious, but we're entering month-end strength as 401(k) money is dollar-cost averaged into mutual funds and as those mutual funds position themselves to own all the winners for their quarterly statements.
  • Just thinking out loud.
  • California Governor Arnold Schwarzenegger could just make movies to help resolve the California budget crisis.  The Governor has proposed selling California property to raise money.  But wouldn't an easier way be to make more movies and donate all proceeds to the budget?
  • Michael Jackson spent his money faster than he earned it By 1999, he was earning $11 million a year but spending $31 million.  Hey, he could've been a politician!
  • From Carpe Diem, ECRI leading index shows first positive growth in 22 months.
  • Digging this iphone app.  Repeat myself I do, Yoda. 
  • Got the Cubs-Chisox game on.  LOL.
  • US Savings rate up"In our view, the savings rate will need to stay above 6% for some time to restore household balance sheets to pre-credit boom days," wrote economist Sal Guatieri at BMO Capital Markets in a note to clients.  The move for households to pull back spending, and shore up their finances may hurt the economy in the near-term as aggregate consumption remains weak.
  • Use a Cheeto, go to prisonAuthorities said a couple got into a fight using Cheetos. The Bedford County Sheriff's Department said a 40-year-old man and 44-year-old woman became involved in a 'verbal altercation.' Somehow, the orange puffy snacks were used in the assault.

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