The Market Today

The stock market had a half-day today. Trading was very quiet. Some holiday oriented stocks had a nice day. Apple Computer (AAPL) and Best Buy (BBY) were both up about 3.3%. I noticed that there are already some complaints about Microsoft’s (MSFT) new xBox. You can test your product for months and months and think you’ve found all the bugs. But give American teenagers 48 hours, and they’ll find every problem.
Our Buy List had another market-trailing day today. The S&P 500 was up 0.21% and the Buy List lost 0.08%. Of our 25 stocks, 13 went up and 12 closed lower. Frontier Airlines (FRNT) really hurt us as it fell nearly 3%. I’m not too concerned; only 100,000 shares were traded which is about 25% of normal.
Since today was so quite, I’m not sure if we can read anything into today’s trading. However, I’ve been impressed with the rally at the long-end of the bond market. The 10-year bond is not far from going below 4.4%. Gold hit another 18-year high and it’s on the verge of cracking $500 an ounce. Next week should have a bit more action as we’ll get the GDP and employment reports.

Posted by on November 25th, 2005 at 2:43 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.