Friday, September 23, 2011

TGIF Randomosity! $GLD, $SLV, $NFLX!

  • imageSay, is that the $GLD and $SLV bubbles popping?
  • And $NFLX, too.  Hey, I’ve been warning about Netflix for years!  Just listen to the audioboos (here and here)!  But I missed one heck of a run up, and am missing one heck of a sell off.  Part of the selling is because of Angry Consumers (rate hike).  Part of the selling is increased competition from other web services and Dish today.  Part of the selling is because the stock market is falling apart, and the high valuation companies tend to get whacked a little more.
  • Meg Whitman is the new $HPQ – Hewlett Packard CEO.  Hewlett-Packard's stock is sinking to its lowest level in six years, as investors worry that new CEO Meg Whitman isn't the right person to turn the company's fortunes around.  We;;. the verdict is in already!
  • By the way, the stock market close in the green today, led by the Nasdaq.  Maybe folks are worried about a weekend announcement and are booking gains from their short positions.  While many are calling this week’s action the next leg of the bear market, I’d pause at that thought for a bit.  We could be revisiting the lows.  But I don’t know if folks should fight the Fed here. 
  • Oh, and the economy still runs on oil.  So an oil sell off looks like a buying opportunity to me.  I don’t know the time frame, but as long as we keep pumping gas into cars, we need oil.
  • With so many stocks and sectors on life support, why not a picture of a sexy nurse? 
  • The primary debates are a bit ridiculous, as is the analysis of them. 
  • The Moneyball reviews are in!  Phew, now we can rest.
  • While I poked a little at Netflix, I will probably wait for Moneyball to come to my house in a red envelope. 
  • Pakistan warns the US that we may lose an ally.  Who, England?  Israel?  It certainly couldn’t be Pakistan, aka the place where Osama bin Laden was hanging out for a few years.
  • I have the Source Code DVD at the ready, FWIW.
  • Governor Jerry Brown signs the Amazon Tax bill into law.  Saying it would save existing jobs and create new ones, Gov. Jerry Brown signed into law legislation to require and many other out-of-state Internet retailers to collect sales taxes on purchases by California customers.  Saying it will create and save jobs, eh? Anyone believe that?
  • TGIF!

blog comments powered by Disqus