Friday, December 22, 2006


RIMM misses by penny
NEWS corp sends Direct TV to Liberty
PERSONAL spending up in November (Playstation 3 and Wii effect?)
TOYOTA forecasts record sales
ARIZONA is fastest growing state
GODFATHER of the Merc

Happy holidays. I am off to enjoy mine.

Thursday, December 21, 2006


LEADING index up
GDP revised lower
FEARLESS forecasts

The market is evidently slowing as the data suggests. Yet analysts are overwhelming bullish about the coming year 2007. The 'soft-landing' theory is still in play and is mostly likely fully priced in to the markets. Any deviation from this theory and evidence of a hard landing may lead to a a fleeting exit from the equity markets and potentially a large drop in the indices. We have had an extremely bullish run from the June lows- nearly 1800 points on the Dow, almost 200 on the S&P 500 and over 400 on the NASDAQ. A big portion of this move came during the typically bearish months of September and October while we have had a rather mellow November and December. While January is a typically bullish month, we could see a market pullback especially if the data continues so suggest we are in for something more than a 'soft-landing'. For now I continue to be bearish equities in general with short positions in several leading tech stocks - GOOG, AAPL, RIMM and AKAM to name a few.
I am long energy for now as well as metal producers. I also have index shorts in anticipation of a broad market pullback.

Wednesday, December 20, 2006


THAI turnaround unleashes rally
ARE all hedge fund investors really rich ?
ANOTHER tech buyout
BIGGEST innovation surprises for 2007
MORTGAGE applications drop

Tuesday, December 19, 2006

Monday, December 18, 2006


SOARING current account deficit
IS it me or does this happen every week
RISK free trade ?
YET another buyout
COULD buyouts spell trouble ahead ?
SURVIVING the Real Estate Bust ( which hasn't even happened !@!)
HANS (makers of Monster) a potential takeover candidate ?

Saturday, December 16, 2006


BEIJING and Washington sign nuclear reactor agreement pact
US will be eclipsed by China - Jim Cramer
YAHOO playing catch up with Google
DOLLARS biggest gain in 4 months
ALL time high for Dow
GOOD times ahead ?

Friday, December 15, 2006


REAL estate market going to hell
FIRST time buyers getting back in real estate
RECESSION ahead (Merrill Lynchs David Rosenberg courtsey of Bill Cara)
BIGGEST Japanese takeover ever