Monday, July 02, 2012

Monday Randomosity

  • imageThe stock market had a chance to crater after the ISM data, and did initially but rebounded $$.  The Nasdaq and SP500 were up, while the Dow was flat.
  • This is a pretty good sign for the bulls after Friday’s big move.  You certainly didn’t want to give it all back, and the dip was bought up all day long.
  • I’m still with cash and low beta stuff.  No worries. I think we will see the market trading range continue for the summer. Nothing has changed my mind. Heck, the Euro debt deal doesn’t seem to be all it was hyped up to be. The US data continues to be weak. We shall see how pessimistic companies are when earnings season hits.  And the econ data due later this week.
  • Hey, you’ll be able to upgrade to Windows 8 for $39.99!
  • I know we’re all looking for investing angles in health care after the Obamacare vote at the Supreme Court.  But, there remains some uncertainty there as the Republicans promise to repeal it if elected.  Kind of a long shot, I think.  Why?  Well, it won’t be easy to beat Obama.  Next, they’d need 60 votes in the Senate to avoid a filibuster.  I think Obamacare remains the law of the land.  But I think health care costs soar due to Obamacare.  Seems like that drains money out of the economy.  Not sure the stocks to play.
  • Taking the week off.  Working out.  Cycling.  Bloomberg TV.  LOL.

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