Tuesday, August 18, 2009

Mornin

We wake up to find the markets a tad higher, SPUZ up 4 bucks or so. We got some economic data this morning, in the form of PPI and housing starts PPI was soft and housing starts were a little worse than expectations - just a dumb question - why are there any housing starts right now when there are as many vacant homes as we have in this country right now?
HURN is up a whopping 27% this morning, Im selling some of my position into this strength.. that one worked nicely.
I would expect a downside flush at some point for the SPUZ this morning - but you never really know do ya?

I took 3 of my kids to the pool yesterday afternoon after the markets closed, my youngest is fearless totally fearless, she is pulling me along with her and is trying to climb up the highdive ladder - the kid is 22 months!!! Now watching her thats demanding work - shes adorable but a total handful.

Trade em good

JB

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