Here are some cool shots of Parkview Field, home of the Fort Wayne Tin Caps, courtesy of the Convention and Visitors Bureau. Looks like some fancy Photoshop-ing. Otherwise, Horatio from CSI must have been poking around with his fancy flashlight. (more…)
Would that we had all listened to this guy. Too bad the show hosts were too busy talking over him and laughing at what he had to say.
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| Peter Schiff | ||||
|
||||
I thought it was time to revisit the 1938 comparison, which is doing well, thank you. Here’s a look at it. The bottom panel shows 1938 – 1939. The axis labels refer to the upper panel.
If it continues to unfold now as it did then, we could have another ~17.5% to go on the upside. That will get us a total percentage return on the move equivalent to the 62.2% move in 1938. That move peaked on October 20.
In sum, we’ve enjoyed about 63% of the 1938 move; some might say the easy money has been made. As we approach the 1097 level on the S & P 500 and/or October 20, we’ll need to be alert, but, hey, 1000 is going to sound pretty good.
A couple of notes:
June 5, 2009
Last Friday’s dispatch included a graph and a brief discussion of the narrow band within which the S & P 500 has traded (click here to see that chart), and that I expected a June resolution of it; I just didn’t expect a resolution of it on June 1. You can see the breakout in the chart below. (more…)
In: Cisco Systems (CSCO), Travelers (TRV)
Out: General Motors (who cares), Citigroup (who cares)
