Inflation uptick has been articulated by many and everybodys brother in-law and are scared of it...as it is guarenteed to TANK the markets........
Unless you are living in some jungle and eating bananas daily.....we all know in real world that energy has caused inflationary effect in many many industries......In case you are still NOT getting the point....everything which is manufactured or delivered use energy as a major component/cost and needs to be passed on to consumers.......
All the CNBC & MB idiots are always rehashing things which has happened or everyone is aware of......sign of dangerously LOW IQ......
I had predicted yesterday in my post ....that todays CPI will NOT be factor..no matter how bad it is.......
Markets always looks forward....IDIOTS always trying to cover their BEHIND by looking & focussing on yesterday......some genius still recalls with great anguish all the previous crashes going back 70 years......
Worldwide economy is GROWING @ furious pace...unless you have NOT heard of China ,India,Dubai & rest of the world........it pays to KNOW about more than IOWA primary...
Frenzied growth causes inflation.......
China & India is trying their damndest to control inflation by increasing banking lending /reserve requirements several times this year.......even BB ( Ben Bernanke not Bridget Bardot) is trying very hard to contain rate decreases.....much to the dislikes of YAHOOS on CNBC......
What is good for economy worldwide is NOT good for MINI S&P hedgies.......
Hedgies through their proxies on CNBC & MEDIA are trying to bad mouth & BULLY fed.....I say take a HIKE ........
Sorry for such a boring discussion on inflation/growth/interest rate...
All I can say that.... fed & its coordinated move by central banks worldwide is having an affect on "UNCHOKING liquidity & LIBOR rates"
Now to more important things.........$$$$$
In my portfolio :
I bought ESLR @ open...yes when this world was coming to an end.....my cost is $16.83....
ESLR is UP $1.90 to $17.01...giving me 14 cents per share....
LDK is trying to move UP after consolidation is UP 92 cents.......expecting audit report next monday & Q3 ER same week......
AGU is down 7 cents......18th they will close secondary on tuesday......
AAPL is UP 57 cents......getting close to all-time high......
RIMM is UP $3.87......CITI & RBC extremely bullish about its business going forward & in 08...
HOKU is UP 24 cents.....above breakout point $$$$
@ 11.19 AM the following are green :
BIDU,JASO(upgraded $100 target),STP,FSLR,SPWR,TSL,YGE,C (it was downgraded to sell this AM),SIRF,ICE (new high),POT,TSO,NVDA,NMX,VLO,ISRG,WFR (close to high),
IFN,GOOG,CSIQ,SINA,FMCN,SOHU,SNDA,GRMN,ASTI,VMW,ENER.
Solar as a sector is very strong.....so I have 3 different stocks in my portfolio.....
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Saleem
4 comments:
oh hum, relentless Media focus on the negative does it again. Just got back from a trip to St. Louis. I travel all over the states and everything looks fine to me. Everyone is working, lots of new cars on the road, new buildings going up, traffic everywhere. No bums, no hitchhikers, no one begging for food with cardboard signs. Where is this end of the world they keep talking about?
Saleem,
A week of blah for my porfolio. Ended up -.48% for the day and +1.9% for the week.
Today, I sold 2/3 of my position in VMW at $97.50 and purchased FRPT, a stock that has been pummeled and crushed over the past month.
The FRPT's CEO made a special announcement today, denouncing all the naysayers of the stock. The stock subsequently shot up almost 40% at one time during the day. My purchase price was not great so I actually ended down on the stock by 7%. However, new contracts will be announced shortly once the President approves the war appropriation fundng legislation that both houses will approve shortly (if they haven't already). The stock closed at $6.85 today. I expect the stock to get to the double digits immediatly after the President signs the bill.
portfolio:
AAPL - 38%
BIDU - 13%
FRPT - 5%
FSLR - 6%
HOKU - 7%
JEC - 11%
LDK - 15%
VMW - 4%
Cash 1%
Have a restful weekend and thanks for all your commentary this week. I look forward to more next week.
Hi Standard,
CNBC & Media are in the business of rating...so FEAR sells well.
Doing own homework always pays.
Saleem
Hi Bruce,
1.9% UP for a difficult week is commendable.....
You are doing your own homework & picking strong stocks......which always contributes...sometimes even in tough markets.
Enjoy your weekend.
Saleem
Post a Comment