As I said in my previous note, it looked like the market was set to open lower. That all changed when the TV networks started showing the scene of Iraqis in Baghdad trying to destroy Saddam’s statue. In what was amazing to me, most of the NYSE floor was mesmerized by the unfolding drama. The [...]
Posted by 9 April 2003
Anti-Climatic
The market has been acting like the war is over for the last 2 days. This morning, all the news networks are showing scenes of Iraqis celebrating (they’re really looting, but when they loot it’s a celebration according to our media… but I digress) . So how does the market react? It looks like it’s [...]
Posted by 8 April 2003
Bracing for earnings?
The Dow being down 0.02% says it all — another stalemate today. The NASDAQ was up 6 points yesterday, and down 6 points today. So I’m sticking with my earlier call of the market going nowhere until earnings reports start rolling in next week. I did spot some hidden weakness today though. The semiconductor index [...]
Posted by 8 April 2003
Re-enter the Matrix
If you’re a fan of The Matrix, you have to check out the current issue (11.05) of Wired magazine. Unfortunately, that issue is not online yet. There’s a good article about the special effects in the upcoming releases. As a bonus, there are some pictures of Jada too! (She’s also on the cover.) edit: The [...]
Posted by 8 April 2003
Need a change of luck?
I just saw an interview on the Today show with Dr. Richard Wiseman, the author of “The Luck Factor: Changing Your Luck, Changing Your Life: The Four Essential Principles.” As you can tell by the title, the author believes that luck can be learned. This caught my attention because I know how big of a [...]