Thursday, November 02, 2006

Stocks Finish Slightly Lower on Political Worries and Growth Concerns

Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Economic Calendar
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play


BOTTOM LINE: The Portfolio finished about even today as losses in my Retails longs offset gains in my Commodity shorts. I did not trade in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was modestly negative today as the advance/decline line finished lower, sector performance was mixed and volume was about average. Measures of investor anxiety were mostly lower into the close. Today's overall market action was neutral. For those interested, there will be a webcast tonight (8 p.m. EST) at the Shawnee Mission Medical Center, with urologist David Emmott, M.D., performing a robot-assisted radical prostatectomy using Intuitive Surgical's (ISRG) da Vinci Surgical System. Yesterday, Chindex International announced it had completed the first mainland China sale of a da Vinci Surgical System. The People's Liberation Army 301 General Hospital in Beijing made the purchase. I still believe ISRG is providing longer-term investors a very attractive entry point and remain long the stock.

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