Show-me Account Talk

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Wednesday, March 26:
  • Earnings: Oracle(ORCL), Paychex (PAYX)
  • Economic Data: February Durable Goods Orders; February New Home Sales; Weekly Crude Inventories (week ending March 22)
  • Events: None
  • Conferences: Credit Suisse Leveraged Finance Conference and JP Morgan Gaming and Lodging Conference
  • Fed Speakers: Chicago Fed President Evans addresses economists in NY (12:00 PM ET) and Dallas Fed President Fisher discusses the Fed and the regional economy in TX (1:00 PM ET)
Thursday, March 27:
  • Earnings: ConAgra(CAG), Lennar (LEN), Accenture (ACN), Apollo Group (APOL), Red Hat (RHT), Steelcase (SCS)
  • Economic Data: Final Fourth Quarter GDP Report with Chain Deflator and Weekly Initial Jobless Claims (week ending March 22)
  • Events: Fed initiates $200 billion Term Securities Lending Facility offering
  • Conferences: Credit Suisse Leveraged Finance Conference and JP Morgan Gaming and Lodging Conference
  • Fed Speakers: Minneapolis Fed President Stern speaks about U.S. economic outlook in London (12:00 AM ET); Cleveland Fed President Pianalto speaks at forum held by University of Dayton in OH (12:00 PM ET); Atlanta Fed President Lockhart discusses the economic outlook in TN (12:20 PM ET)
Friday, March 28:
  • Earnings: No reports of note
  • Economic Data: February Personal Income and Consumption Report and University of Michigan Revised March Consumer Sentiment Survey
  • Events: None
  • Conferences: Credit Suisse Hong Kong Conference
  • Fed Speakers: None
--Jeffrey Ham, Briefing.com

Durable goods, new home sales, and ORCL looks like the big market mover tomorrow.
 
LIMIT SELL ORDER of $67

OK, Oscar is my guy. Maintaining my limit sell order but will move it a little tighter as I should have a week ago.

New LIMIT SELL ORDER of $67 for both orders.
 
Durable Good missed big again. Expected was .8%, actual was -1.7%.

Yet the market is not selling off.

Commentator on CNBC yesterday pointed out that yesterday's negative news was pretty much shrugged off by the market. Said that was evidence that the bad news has been factored into the market.
 
In the Long Run, We're All Dead

Posted Mar 26, 2008 12:22pm EDT by Aaron Task in Investing Related: ^SPX, ^DJI, SPY, TLT

When the market is as wild as it's been of late, it's easy to get sucked into the daily drama. But it's always important to keep the long-term view in focus.
And the long-term reality is this: The U.S. stock market has been essentially flat for the past nine years and has wildly underperformed other assets, including Treasuries, as detailed by The Wall Street Journal.
Key takeaways from this grisly track record:
  • Owning stocks, even for a long period, is not a guarantee of success as many came to believe in the 1990s. There also the debate over buy and hold vs. market timing to consider.
  • Having a diversified portfolio of assets -- not just diversity among your equity portfolio -- is critical to long-term investing success, if not survival.
  • The current morass does help set up the next bull market cycle, and U.S. stocks are cheap relative to Treasuries, real estate, and international markets. That may help in the short term, but the stock market has a history of moving in 17-year cycles, which means we may be only about halfway through the current long-term slump.
 
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