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Random Thoughts


That's craaaaazzzzy!


  • "G'day -

    Take a look at the
    following article from the Daily Reckoning - very thought provoking.

    Things are getting settled here in 'Oz.
    Ojai is a certainty, have tix delivered already. Mum is in recovery from her by-pass surgery and will be released from hospital on Sunday, all else being equal.

    Gold should hold $422 and back at $435 quick...(just my best guess with half an eye on what's happening)! The physical market is very solid. I'm personally a buyer of silver at $6.80-5 (not advice)

    Back when I can..." -- Prof. McGuirk

  • Vibes from Snoop Tone of FTN Midwest Research...

    "The lackluster performance in the SPX, DJIA and other capitalization weighted indices has masked double digit gains in most other indices over the past year. The relative underperformance is due to exposure to Financial and Info Tech sectors. We expect both sectors to outperform, which should allow closely watched indices like SPX and DJIA to play performance catch up.

    We would overweight Diversified Financials (especially ones in BKX) because of close correlation to Commercial and Industrial Lending trends, attractive valuations, and apathetic sentiment as measured by assets in Rydex Financial related funds.

    Over the past 5 years, when assets in the financial funds reach under $50 million (happened 06/23), the BKX was higher 100% of the time with an average gain of 6% 30 trading days later. "

  • Level Check

    SPX - 1219.55 (June high) / 1188.30 (June low), 1187.26 (50 dma)
    INDU - 10403.16 (50 dma), 10446.10 (200 dma), 10656.29 (June high) / 10253.49 (June low)
    NDX - 1510.37 (200 dma), 1550.63, 1568.96 (June high)
    COMP - 2106.57 (June high) / 2039.69 (June low), 2030 (converging 200 & 50 dma's)
    RTY - 656.11 (12/31/04 high) / 640
    SML - hit an all-time high yesterday / 330
    BKX - 100-ish / 98 (currently sitting between 200 and 50 dma's)
    SOX - 440 / 415
    OSX - hit an all-time high yesterday / 150, 145 support
    CYC - 746.84, 735.94 / 707.17

  • According to Bloomberg, Brazil may take its 8% benchmark C-bond due 2014 out of the market through a swap following the slew of longer-dated 40-year paper issuance. The bond accounted for 10% of all emerging-market debt trading in the 10 years through 2003 according to Emerging Market Traders Association. There is $5.6 bln currently outstanding of the bonds.

  • Toddo's next stop on the Left Coast will be tomorrow in Ojai to scout the scene for Minyans in the Mountains II and to ensure that everything will be perfect. We want to take this moment to remind you that the early bird discount deadline of July 15 is quickly approaching. We encourage you to come solo, bring friends or bring the whole family as there will be plenty to learn, lots of activities, food and entertainment, and perhaps most importantly a great network of Minyans. We can't wait, and hope to see you there!

  • Welcome Minyan Brian Fellows!

  • Did anyone else hear Jeremy Schaap call Michael Jordan the Martina Navratilova of basketball last night on Sportscenter in his report on Lance Armstrong and the Tour de France?

  • Word has it the Iron Horse is making the trek to Baltimore soon (noice)!

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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