New Things to Worry About

Now its oil at almost $100 on top of the writedowns from sub-prime stupidity and significant weakness in the financial sector. Then there's Gold soaring to 28 year highs that makes us realize the inflation train could be getting ready to leave the station. And, if the $ keeps falling against the euro (and anything else on the forex markets) that situation will only intensify. Add this to the continued weakness of the NYSE advance/decline line, the negative new high/low list, and the upside down volume flows. There are other negative divergences but let's not get too negative here.
Fact is, we don't invest in or directly own any of those things that I mentioned. We own stocks and other than most of them, there are some stocks that just won't quit. RIMM, GOOG, & AAPL each set a new 52 week high today. Other names stay close to their upper range and act well so we stay with them. And others feel like the momentum is shifting and we lighten up there. As long as we stay flexible we'll do just fine. Stay tuned.