S&P 500 Over 1270

The market looks very good today, almost every sector is up. The S&P 500 hasn’t closed above 1270 since June of 2001. Energy stocks are doing well, but so are the transports. Expeditors (EXPD) isn’t far from a new high. Our best stock today is St. Jude (STJ), which is up about 3.8%. So far, the Buy List has a slight lead over the market.
Thor Industries (THO) said that it saw a 22% increase in its orders at the Louisville Recreational Vehicle Show. Dell (DELL) has been rising steadily and may soon close in on $32 a share.
I’ve written about Tradesports before, the site that let’s investors speculate on real world events. It turns out that there’s been an insider trading scandal at another site, Sportsbook.com. There was unusually heavy betting on “Mother Nature” for Time Magazine’s Person of the Year, and Tom Brady for Sports Illustrated’s Sportsperson of the Year. The trades were coming from e-mail addresses of a PR firm linked to Time Warner (TWX). That may be one of the dumbest moves ever.
Please keep those e-mails coming! As always, I’m happy to give my opinion on any stock, but I can’t give personal portfolio advice. Also, I’d love to hear about any great bargains that you see on your radar.

Posted by on December 6th, 2005 at 1:40 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.