SoC #3
December 17th, 2008
No comments
- Market looks like it may be building a base to make a move up
- but tomorrow may show us if SP500 has a floor at 900
- dollar made a turn and moved 10 cents quickly (vs Eur)
- Oil has dropped under 40 despite OPEC cutting back production
- I think Oil in the 30′s is a great opportunity for a buy and hold for a few months
- sell when it makes 50-100%, might take a few months to about a year and a half
- still think the market bottom will be sometime in the spring or summer
- unless there is some major sea change event
- like another war, major attack, or aliens landing
- states are being crunched in the middle between
- federal policies that are shrinking funds and
- rising unemployment rates
- which could hit 10%
- the MTA raising rides 23% is a huge slap in the face of NYers
- Madoff news is dominating attention
- its the witch hunt and will be the poster child of this downturn
- like Enron was
- want to play with phpBB to launch a way to record predictions
- and other market news and ideas
- new HD channels appeared on my cable box
- but many of the content is still SD
- that’s annoying
- I’m becoming an HD snob
- but blue ray is still too expensive.
- and they have to fix that long load time thing
- 42+ inch 1080p LCD and blue ray player with DVD recorder for under a grand
- that’s my price point. maybe 2009?
