12/26 newsletter
*** Market
SP500 is still hovering around its high level 1270, accumulating technical energy for the last few days of the year. If it moves up a little bit, it is likely to close at ~10%, another year of "normal" return, which is not so normal in Buffett's eyes. He is looking for a norm-averse behavior of SP500 in order to profit from Mr Market's folly.
FED is tightening up housing market by regulating so-called non-traditional mortgage, such as interest-only. How the yield curve will shape in the coming months remains the biggest puzzle for the economy. Did you check the Nasdaq-100 rebalancing? Google enters the index, and a little known stock NIHD, which I own, also enters the index :-)
My portfolio is approaching ~20% (19.9% since 12/2004). It is thrilling to see it breaks through the first 20% in less than 13 months. We will see how the market close in a few days...
--Steve
SP500 is still hovering around its high level 1270, accumulating technical energy for the last few days of the year. If it moves up a little bit, it is likely to close at ~10%, another year of "normal" return, which is not so normal in Buffett's eyes. He is looking for a norm-averse behavior of SP500 in order to profit from Mr Market's folly.
FED is tightening up housing market by regulating so-called non-traditional mortgage, such as interest-only. How the yield curve will shape in the coming months remains the biggest puzzle for the economy. Did you check the Nasdaq-100 rebalancing? Google enters the index, and a little known stock NIHD, which I own, also enters the index :-)
My portfolio is approaching ~20% (19.9% since 12/2004). It is thrilling to see it breaks through the first 20% in less than 13 months. We will see how the market close in a few days...
--Steve
posted by Steve at 9:54 PM
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