Random Thoughts
I apologize for not posting as much recently. The market has been tough and I have been plugged into my trading. With that said, I wanted to take a minute and discuss a few items.
1. I think market gets close to hitting 11000 on the Dow before year end. Much lower gas prices will have a significant increase in consumer spending and traveling.
2. I was amazed to hear the Goldman contacted Citi about merging firms. I didn't think GS would move to be swallowed up by another firm but WOW! I think since the market has settled down slightly then I would expect that they should be okay.
3. Speaking of Goldman, Warren sure got some good terms on his deal with the GS. The hefty 10% dividend and warrants certainly raised the cost of capital for GS - actually hurts the firm from a valuation standpoint.
4. Thank goodness that the election is near. I am so tired of seeing the commercials and getting hit by Robocalls during the day. Good news for investors: I think we may see a nice rally later this week.
5. I will increase my posting frequency over the next month. Be sure to check out my twitter account as well. (Twitter is a micro-blogging service that is starting to gain lots of traction - I highly recommend it)
6. I will leave you with a quote from the great Jason Calacanis :
Great entrepreneurs build value and market-share in down markets. They go to work seven days a week and the breakout when other folks check out.
Comments