Detailed Market Summary
Market Gauges
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GuruFocus.com
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Real-time/After-hours Stock Quote
In Play
BOTTOM LINE: The Portfolio finished higher today on gains in my Computer longs, Semi longs and Commodity shorts. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, most sectors gained and volume was heavy. Measures of investor anxiety were mostly lower into the close. Overall, today's market performance was bullish. Oil temporarily fell below $60/bbl. this afternoon to $59.80. I think two stunning things are about to happen during the fourth quarter: Gas prices will fall below $2 a gallon nationwide on average, and the DJIA will bust out to an all-time high. Consumers will be absolutely stunned by both of these events. This will offset, to a large extent, the slowdown in housing. I will not be able to blog as much through tomorrow evening due to a scheduling conflict.
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