Superpowers Are Falling From the Sky
Wishing we could forget this decade entirely.
At the risk of over-sharing, I'm a person who likes to talk. A lot. Verbosity bordering on logorrhea is my blessing, my curse, and, near as I can tell, my raison d'être.
How does forced silence feel for a guy like me? Roughly like Clark Kent in Superman II, getting beaten to a pulp in a diner after surrendering his powers to marry Lois Lane: I made a lousy decision, lost all that made me special, and I'm trapped in a terrible movie. Not even a Brando cameo could save me now.
Here's what I'm watching without uttering a word:
- Speaking of Gold, even the staunchest of bulls would have to admit a pullback was due. How's this mute, newbie GLD ETF enthusiast handling it? As previously discussed, I trimmed some a couple weeks back and am eyeballing $110 as a trade idea. Specifically, I'm looking to take a long shot there with a stop below $105 on the close.
- McDonald's (MCD) missed on same-store sales, coming in negative in the US and Asia and up a puny 0.7% worldwide. I'm no longer long the name, which is good, as I can't scream in pain at the moment, but I still find the news troubling. I'm not sure I want to live in a world where a company as good as McDonald's can't do better than that overseas with a currency as weak as ours.
- Today's "Shoulda-Woulda-Coulda" trade: Fed-Ex (FDX). American consumers may not be what they once were, but I'll take the other side of "Christmas is Canceled" anytime the bet is offered.
- According to a research report somewhere on my desk, nearly one-fifth of Black Friday shoppers were already filling their carts by 5 a.m. on the 27th. Those of you who have read my endless series of Odes to Target (TGT) know I'm a man who enjoys getting out into the stores with the people. That said, I'd rather have Laryngitis permanently than camp out in a retail parking lot. Take it from a shopping professional: Prices get lower as we approach December 25 and even lower after that. Use the money you save to buy the hard-to-get items on eBay (EBAY) later.
With that I'm off to mutely cross another day off my 2009 calendar. At the risk of being Debbie Downer, I'm going to go ahead and count 2010 as the start of the new millennium and ignore this decade entirely.
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