This morning is a beautiful morning here on the Central Coast of California. The rain that has been falling over the last few weeks is more than likely gone for the rest of spring and summer, which means I can get to work finishing the “playhouse” for my teen-age boy and his roughhouse friends and I can get to finishing the front yard landscaping and the backyard decks. Wow! That sure makes it seems like my time slots are filling up fast.
Nothing goes up forever, at least not in the market universe. Today’s market behavior is typical, expected, and correct after new highs are reached, and I like it. I like it because it is expected, which means a buying opportunity for stocks I already sold for a profit. Hopefully, it will drop just a bit further, as I am right on the edge of some good buys …
I have something in the “Who Cares” category today and, interestingly, it follows right on the heels of yesterday’s suggestion that we not listen to the high-priced market analysts who make big predictions with strong certainty. Unfortunately, as it might seem I have Pimco’s manager as a target, the follow up picks on none other than Mr. Gross himself.
- Bill Gross, manager of the world’s largest bond fund at Pimco, said on Thursday that asset returns will be in the low- to mid-single digits this year despite relatively positive economic growth.
If the above is the case (and it must be because Mr. Gross with all of his billions has teams of really smart people analyzing the market), then I better find another vehicle for my long-term investments. Perhaps I should also consider another way to make a living because if it is true the market will only return “low- to mid-single digits this year,” the up and down in the market, that “thing” I just referenced in the opening of this article, might well be limited in scope. Mr. Gross is suggesting that the market will have much less upside and much more downside. As always, we will see …
- Amazon.com made a play for the increasingly crowded home entertainment arena by unveiling the $99 “Fire TV” video and game streaming device on Wednesday. It also offers a prominent platform for Amazon’s own fast-growing streaming video service as well as its growing slate of original television programs and games.
After reading the above this morning, I remembered I wrote a while ago that I needed to find a way to make some money on the shift from cable TV to streaming TV. I never actually spent any time on research because, well, my day has been full, or so it seems.
Funny how time gets away from us, you know, with all we have to do around the house and such. Well, maybe now is the time to look deeper into this, even if the rain is leaving. I suspect there are some companies out there, undervalued of course, that are just waiting for me to find and trade them. As I wrote before, I will let you know what I find.
So, let me get to work on the above. I need some new trades.
Trade in the day; Invest in your life …
