We are in a major heat wave up here in Massachusetts. Looks to be over 100 degrees tomorrow then add in humidity. I like the heat but this is going to be a little too much. Stay cool!
Quiet day overall in the markets. Still holding GFIG, CSU, ASYS and the semiconductor play. Intel (INTC) beat earnings but the stock is falling this evening on last look. The semiconductor play is still alive as it is an overall rebound call on the entire sector, not just the big companies. We shall see.
Asked and Answered
From time to time I find it refreshing to get an outside opinion on things economic. For that I tend to interview my dog, Norman the Pug. His insights are highly valued and it never hurts to get a new pair of eyes (googly ones at that) to look at things.
Last May Norman granted an exclusive interview and after some convincing he has agreed to once again offer his wisdom to the world. What a dog.
Here we go!
GYSC: Hello again Pug, thanks for taking the time.
Pug: Hard up for material again huh? Geez all that tapping on keys has real benefits.
GYSC: Let's keep this civil, yes?
Pug: If you say so. Please begin, it's your milkbone.
Pug: Has Greece left the Euro?
Pug: So I was right. Not going to happen. I hope we have some new questions tonight.
GYSC: What is your take on Social Media and all the excitement over names like Facebook, LinkedIn, Twitter, and Groupon?
Pug: Humans like to feel important; they like to feel that people give a hoot what they are up to. Social Media fills that need. All I need is some food and a blanket and I am good to go.
GYSC: What about the benefits of greater communication? Greater connectivity?
Pug: This from the guy that pretends he is on vacation if his mother calls! Communication, that's rich!
GYSC: Come on...
Pug: Ok, what you have is a creation that has resonated with people. What has really brought the excitement? All the talk about how great these things are, that's what. Add in the never ending drama over how much a social media issue will price over it's IPO offering and you have a combustible brew.
GYSC: What about a Groupon dog biscuit offering?
Pug: Well that may be ok.
GYSC: Fickle much?
Pug: Not since this morning.
GYSC: What? Nevermind. Lets move on.
Jessie the Cat: This is so boring!
GYSC: What about making money trading the market? With all the chop going on what advice do you have for the readers?
GYSC: How do you mean?
Pug: Sentiment is all over the place, volume is way low, and a small number of "big"stocks tend to decide market direction. You have to compress your time frames down into smaller scales to capture trends if you are moving in and out. Longer term holders should just ignore the chop.
GYSC: Wow, that was a value added answer!
Pug: Better than what you do.
GYSC: And what is that?
Pug: I thought you were making a wig when you pulled all that hair out looking at computer screens with your stock losers, I mean picks up.
GYSC: Well that was that one time when that stock flashed crashed on me....
Pug: Excuses are like squeaky toys fool, everybody has a bin of them.
GYSC: Do any reading lately?
Pug: Well I did check out this book written by Twits or something:
Pug: The biographies were interesting, yet no one mentioned having a pug.
GYSC: Well, I don't think that was the purpose of the book.
Pug: Well, you cannot trust a person without a dog, or if they just have a cat.
GYSC: How insightful, amazing really.
Pug: Thanks, the wisdom flows like waterfalls through the jungle or some crap.
GYSC: Nice. Ok, final question; Will the S&P 500 be higher in December than right now?
Pug: What is this, the price is right? Higher it will be, bet you a box of biscuits on it.
GYSC: How high?
Pug: Never give a time frame AND price silly man. I just said higher that's all. We have a bet?
GYSC: You are on like Donkey Kong!
Pug: Oh, someone save me....
Made lump charcoal grilled kielbasa tonight:
Have a good night.