Those both keepers for now ...plenty of shopping days left til Christmas.
On days like this lots of individual stocks look good for cherrypicking too, but I have already gone on too much about how tasty microcap biotech is. If bear market continues through December, tax loss season will make for incredible bargains there, especially after a couple more 1/4pt eases.
Anybody catch that senate hearing? Greenspan uses too many words, but still, he is widely respected and probably right --so where do these guys get off browbeating him like that? Amusing to watch the senators try to use greenspeak however, stumbling over the extra verbage.
I have a few words for senators: Lay off Greenspan, don't spend the temporary surplus, cancel c-130 program (oh, I guess that is for congressmen Gingrich), and stop taxing my savings. Seems backwards for my interest income to be taxed at a higher rate than Bill Gates' long term cap gains. Oh well, at least MSFT chairman pays more taxes than I pay. Hmmm, lets do the math; Mr. Gates paid 40,000 times more taxes that I did this year. Why, I think we need a few more billionaires.
--MM |