Not a bad July 1st

2 07 2008

Yesterday was a pretty good day.  First of all, we were able to salvage the condo deal and we closed it last night.  Secondly, I pretty much nailed the low yesterday on the S&P 500.  Check out the MM breadth charts and see how stretched the indexes are.  I had these charts in mind the last few days and couldn’t help but notice the doom and gloom getting to extreme levels.  Combining this with the bullishness of Tom O’Brien, I just had to buy.   

Finally, I read that Stephen Baldwin has promised to leave the country if Obama wins.  I really hope someone holds this moron to his word (which I’m sure is worthless).  

 


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2 responses to “Not a bad July 1st”

2 07 2008
Bob McCormick (11:15:16) :

Paul,
Glad you were able to close on your condo. That uncertainty had to be a big blip on your minds.
Now comes the remodeling, painting, new furniture, etc, etc…

Best Wishes

Bob Mc

2 07 2008
Paul Stiles (12:26:14) :

Thank Bob,

It is nice to have a place to live. Fortuately, most of the work is done. All we have to do is make sure they haven’t missed any of the little things.

Good luck,

Paul

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