Sonny,
Hello. I've been away from my investments for some weeks now. I've been taking care of some rather pressing and depressing personal situations. But we push on, and here I am back at the investment wheel and back talking about the market, the world and whatever else is left over.
The financial markets responded well to Greenspan's testimony, although for the life of me I can't see why. I guess you had to be there for all the nods and winks, but it seems he's guaranteed rate hikes but not too many. Hmmm. But I like to see green on my screen for a change. It seems to be a fragile sort of "recovery," though, and tomorrow ought to be too exciting for me to watch. Multiple witchings are always bad news for my stocks, for some reason. This one promises to be a doozy, as far as I can tell. There's inflation/rate hike talk, there's CPI and balance of payments talk to balance, there's talk of bizarre mergers and hostile offers for the same companies, there's talk of missing estimates but at the same time things are going great guns. In the midst of this we are supposed to be seeing a recovery? My eyes aren't as sharp as they used to be...
The world news seems better, though. Kosovo seems to be resolved. The tales to come out of there are ugly, as are all tales of war. Perhaps we can move forward from here. Yes, the human race doesn't advance all that quickly, does it?
Here's hoping for a triple-witching Friday that doesn't tank the techs.
-musea |
