July 2006

July

Hitching a Ride in a Flood

He did it Again - Pretty Good for a Little Guy

July 9, 2006

Still in cash.  It looked like there might be a rally, but things fell apart on Friday.

July 17, 2006

The Middle East is at war again, and that is not particularly good for the market.  The Palestinians have, after all, elected a terrorist government, and Lebanon has tolerated terrorist bases on their soil.  This was to be expected sooner or later.

July 20, 2006

Great rally yesterday, but today the market is down again.  A bear trap, for sure  This is really boring.

July 26, 2006

Several good days, in spite of the problems in the Middle East.  We may get a buy signal soon.

July 28, 2006

Growth is bad, remember?  I never did quite get that one.  But growth is down and inflation is up and the market goes up because the Fed will stop raising interest rates, since growth is down.  To me it sounds like stagflation - a stagnant economy and inflation as well.  If the Fed accomplished that, I suppose the governors will be proud of themselves. In spite of that, the market seems to be trying to rally.

July 31, 2006

What a boring month, but maybe some action soon.