Tribe and Red Sox split - series moves to Cleveland, that pearl on the lake ;-) I wonder if the Tribe is getting the bugs ready to swarm over the Red Sox relievers ? Go Tribe !!!
World Rugby Cup final will be England v. South Africa on Sunday. Rugby is the greatest sport in the world, no doubt.
Chinese Communist Party Congress is ongoing now. Those familiar words - Politburo, Central Committee - and all those military uniformed members - seen in the press. Hmmmm ?
Superfund for commercial paper conduits is being created - this sounds like a private sector solution to what the Bank of England did for Northern Rock. It won't buy subprime. This sounds OK to me - those assets are good and can roll off with little or no losses. After that, we'll see it the SIVs can continue to exist. Hmmm is this sign of the "End of the End" ? Maybe, but recognition of subprime loan and home asset solutions are still being worked out.
Gold is up strongly this morning.
Earnings season hits full speed this week.
The charts look fine across the board. Ignore beefer ping pong games it you're a long term investor. Wait for real news that can influence the real buyers and sellers, and that has meaning for the world economic trend.
It's a bull market. Buy dips on good stocks and strong groups. Hold until something real changes.
PS: Another doomster on Babblevision. What a dope! These guys seem to know nothing about the world markets or demographics.
PPS: I heard Trichet, the ECB central banker, speak about the Euro-Chinese yuan level today. He seemed to think it was more significant than the Euro-Dollar level. European exports must be getting really hurt as the dollar falls, dragging the yuan down, too.
P^3S: Hmmm ... it looks like the bears are using this financial superfund news to hit the big cap fins. I'll be patient, but I might use this weakness in a few days to top off my position in them.