Tuesday, December 14, 2010

Tuesday Thoughts

The big news of the day came from the Fed, as a nice rally was sold off post-Fed announcement.

Summary: Sluggishness and stimulus.

The Dow is at a two year high and treasury yields are climbing.

Retail sales are climbing and companies are indicating that they plan on hiring more workers.

Except for Yahoo, who is laying off about 4% of their workforce. In that link, you can read that other tech companies are hiring. So we are seeing the transition from the older Web 1.0 companies to the newer Web 2.0 companies. Or whatever number increment we are on at this point.

So, still nothing to do and I can't find a reason to sell stocks. Good time of year to go shopping and take in a movie. Or, go to the casino.

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