Stocks rallied today, and briefly even got into positive territory. But it was an overall unimpressive performance. I doubt it will be enough to stop a slide over the long term.
Manufacturing continues to expand, and that will take some edge off of investor anxiety, so the news isn't all that bad. Profit reports from retailers is mixed: Kohl's is up, the Gap is down.
The worst developments today come from the floor of the NY Mercantile Exchange, where chaos continues to reign.
These are crude oil options traders, obviously interested in oil's potential to be converted into highly prized Energon Cubes which is at the heart of the war currently raging on planet Cybertron.
I realize that many of you rely on this blog for financial advice, so my recommendation is to keep your heads down right now. If you currently have money in the market right now, don't cash out in a panic. Keep invested in solid companies, particularly stalwarts such as soft drink makers and banks.
I plan to keep far away from anything being traded on the NYMEX. All it takes is for one stray eyebeam to hit one of the Energon Cubes, and that whole trading floor will be going up like a Roman Candle. That spells disaster for your retirement portfolio!
10 comments:
LOLOLOLOLOLOLOLOL!!!!!!!!!!!!!!!! I THOUGHT NYMEX WAS A TRADING FLOOR FOR NEW YORK MEXICANS I DIDN'T KNOW THAT MERCANTILES TRADED THERE!!!!!!!!!!!!!!!!!!!
WHAT'S A MERCANTILE!!!!!!!!!!!!!!!!
Th-th-this is the b-b-best dag-d-d-dag-daggone blog I ever readed. Tis the season Steak!
Sound advice. Buy corn futures too!
BLOG!
Bleepo!
I do rely on this blog for financial and investment advice. Thanks for the good service and keep up the bloggin!
I ate the turtle. And it wasn't chocolate. Jason likes those kind of turtle.
Squirrel in yard. He mocks me. I just wanted to read the comments. But it wouldn't let me, so that's why I leave this as comment to you. YOU like comment? I like a comment. box.
Cheese morning around 2. Maybe 1:30AM. I don't remember. I ate it though, ok? Wasn't yours, was it?
It tastes good yesterday for cheese. The crackers numbered exactly 10. Where am I? Is today friend? Thank you for your letter.
Love, BLOG!
WHY CAN'T I SEE THE COMMENTS OF OTHERS??????????
OK. I figured out a way around it. Is there some setting you have that doesn't let people read the comments if they wanna?
ps - I don't know who Blog is, but Blog is hysterical!!!!
Yar. What happened to the words about the fish?
This blog started off good. It started as a blog for the kids! but then where is the fish news?
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