Friday, June 1, 2007

Continued Positivity

Lots of favorable news out today. The jobs report, personal income, auto sales, and pending home sales. Its always difficult to know exactly what the numbers mean, but when they beat estimates, its usually accepted well. Stocks have continued their nice run, even with the choppy trading in Chinese markets.

Portfolio holding Garmin (GRMN) has risen almost 10% in the past week. We've also seen some good results from Frontier (FTO), Apple (AAPL), and CNOOC (CEO).

Even if you're feeling somewhat bearish, like I have, its important to stay with the trend, whatever it may be. Money market fund balances have been decreasing, and that usually is a sign that retail or individual investors are starting to pour into the markets. This is helping to continue our pace, along with outrageous amounts of M&A activity.

I'm updating the portfolio results, so check the post in the upper right corner to see them.

Have a great weekend!

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