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Mid-afternoon update

I should be posting more but its still summer, and I am 'blaming it on the alcohol'. Ha-ha. Hung out with an old classmate last night until 2 AM this morning; catching up on where and what we've done so far in life and of course, we were trying to score with hot chicks in the bar. Didn't happen. Lol! I didn't drink much, just a couple of beers, but wow-w, this morning I felt like I had been drinking all night. Mid-afternoon and I am still trying to shake it off.

Parsing the Feds- excerpt from August 12, 2009 press release:

"Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks."
What does that mean? Hmm! Leveling out, leveling, leveling out. Hmm! Leveling out to or from the sharp 90 degree downward economic spiral that the economy experienced over the last 24 months? OK, the Feds didn't really say much. Meaning, we may have to wait until the next meeting to get a stronger signal and direction from the Feds. Maybe my friend and expert economist, Todd McKissick knows. I will see what he thinks, if I can get a hold of him this weekend.

The buzz on the street is that China and India are going to lead the world economy out of the recession. I don't really believe that, but what if? This weekend I will take a firmer look at ETFs funds and mutual funds that invest in China or emerging markets funds. It should be interesting to see what I come up with. Will post findings next week on blog.

8/13/2009 12:29 PM
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