far too much discussion of women and sex on this thread
CPI came in at +0.5%
core came in at +0.2% (exludes energy)
30yr TBond yield is now under 6.0% (BIGASS WOW)
10yr TNote yield is now at 6.2% (OUTSTANDING)
these reductions in yields will lead money back into tech stocks
for first time in weeks, I heard an intelligent comment on inflation
some guy said that higher oil/energy prices would serve as a drag on the economy
consequently, pressure on the Fed Reserve is lessened
he surmised that the economy has slowed somewhat already
I give even money that next week's Fed rate hike might be last
as next couple months of econ data come in, look for growth to slow somewhat
interesting, on S&P rebalancing at end of day today
S&P Index Funds must buy/sell in order to match proper weights
these weights must be in accordance to relative mktcaps
here are changes:
- reduce Boeing, Cigna, HewleyPackey
- increase Nortel (big), Lucent, AOL, Microsheiss
KlappLoins, quick play on NT seems smoooooth
dont expect it all to happen at end of day
MMkrs will soak up shares to make them available end of day
just witnessed my first Florida spring storm
not much rain, but 40 mph steady wind
glad my car windows were closed, wouldve filled with sand
let's attempt all of us to keep a professional mature discussion climate,
one that relates more to stocks, profiting, and strategy
and less on the mundane prurient interest of man
thank you for your cooperation
/ Jim Chubby
p.s. where the hell is Martha? |
