randoms

The S&P is tired - yawn. Tech is being bought like cell phones, ipods, and laptops are new inventions. So a certain bald commentator whose 15 minutes of fame seem to last forever said yesterday that tons of money is flowing into stock funds - hmm is it possible to use that as a contraindicator...remember in March when the market was seeing massive outflows?
I (when i say I I mean my fund) owns a stock and warrants in a company that has made .82 cents a share in the last 6 months and is trading at $4 - SHIP. Its a drybulk shipper - if you believed there was a recovery in the economy wouldnt you buy a shipper that on 6 months earnings that has a PE of 4.87 and on full year a PE of under 3?? Nah people would rather buy AAPL, GS, SPG you know things that the boobtube crowd love to crow about. Oh well I digress - back to the news paper

JB