Mr. Sensitive

June 8, 2012

FSX Friday Update

Filed under: Uncategorized — lbej @ 17:18

With gains in the range of 3.5-4% in the major indices across the board, this week was the best showing for the equity markets for all of 2012.  Somehow, it doesn’t feel like that.  It feels, somehow, like nothing and crap.  I blame my children; if they haven’t already done something to knock the foundation out of the global economy, it’s only a matter of time now that they’re out of school.  Three months is more than enough time to usher in an age of pain and darkness.

Not that I couldn’t enjoy an age of darkness, were one in the offing.

This week’s gains are almost certainly a textbook technical rally off a short-term oversold condition.  The U.S. markets are being driven (nowhere, and on a purely macro, index-level basis) by Europe; Europe is being driven by soccer.  Expect rioting; meaningless, booze-fueled rioting that Americans will try to explain with something other than soccer.  Well, there is nothing but soccer right now.  So how about we use it to resolve the sovereign debt problem?  Suppose we say if Greece makes the semis of Euro 2012, lenders have to cancel 25% of the country’s debt; to the finals, it’s 50%; if Greece wins the tournament, all their debt is forgiven.  And we do the same for Spain, Italy and Portugal.  It makes as much sense as any other solution I’ve heard.

If Germany wins, they get Greece.

If France wins, they get cheese.

The Family Stock Index matched the broader market’s performance, rising 3.8% to close at 12,513; advancers whupped decliners 23 to 2, and one of the losers (WILC -0.7%) was barely in the red.  The girls wanted to do the advancers and decliners this week, so I let them.  They took a more clinical, less whimsical approach than I’d have liked, but perhaps they’re just warming up.  I’ll add parenthetical comments as I see fit, at least until they learn to really savage their relatives as I routinely do.  I also reserve myself for myself, because they’ll just flatter and suck up and I’m not in a suck-up place just now.

Advancers

  • Marisa (MOLX) +8.8%.  Reagan: She caught a chipmunk and a bird in one week.  And she’s still way skinnier than Lulu.
  • Marcus (MCS) +8.7%.  Reagan: His fiancé (JOY +4.4%) just had her bridal shower and his wedding is coming soon.  (Me: Marcus hit a new 52-week high today.  Also, it seems I can’t type fiancé until after I’ve typed finance at least three times and backspaced over it.  Nothing that says about me is good.)
  • Zondro (ZQK) +8.3%.  Reagan: We put a cushion in there and maybe it’s more comfortable to him.  (Me: by ‘in there,’ she means in the dog’s crate, not in any part of the actual dog.)
  • Charlotte (ICE) +8.0%.  Jenny: Charlotte is up because she was visiting us for my graduation.  (Me: this is probably true.)
  • Jenny (JNY) +6.8%.  Jenny: I’m up because I graduated from elementary school on Thursday.  (Me: yikes.)
  • Mario the Younger (SUP) +6.6%.  Reagan: His wedding’s soon, and he’ll get to see a bunch of his family again.  (Me: Mario sure is into planning this wedding; I don’t get it.  Wedding planning, secret 90210-watching; I think Katie put some kind of girl-curse on her younger brother when they were kids.  I’ll have to keep an eye out for that with the girls and Brinky; considering his necklace fetish, I may be too late.)
  • Brinkley (BCO) +6.0%.  Jenny: Brinkley is up because he had some chocolate last night.  (Me: who knew that’s all it took?)
  • Reagan (REGN) +4.6%.  Reagan: The last day of school was yesterday and it’s summer break.  (Me: Reagan came downstairs this morning, said hello, and sat down to start her summer math work.  In case you don’t know what’s up, that’s what’s up.)
  • Mario the Elder (MGEE) +3.4%.  Jenny: Grandpa is up because he visited us for my graduation and we went out and had La Carreta.
  • Lee (MSTR) +2.6%.  Me am super excited for having daughter go to middle school next year!

Decliners

  • LULU -8%.  Jenny: Lulu is down because Marisa caught a bird and chipmunk and she still can’t catch anything.  (Me: this should bother Lulu more than it does.)
Name Ticker 6/8/2012 Change
Brinkley BCO $23.10 +1.31
Charlotte ICE $127.89 +9.42
Dustin DST $52.34 +1.92
Icarus FLOW $2.90 +0.02
Jenny JNY $9.89 +0.63
Jodi Ann JOY $58.12 +2.43
Justin SCI $11.37 +0.30
Katie CATY $15.79 +0.13
Lee MSTR $122.16 +3.26
Lisa LNCE $25.80 +0.19
Lucas LEI $1.58 +0.08
Lulu LULU $64.77 -4.53
Marcus MCS $14.13 +1.13
Mario T.E. MGEE $46.44 +1.54
Mario T.Y. SUP $17.14 +1.06
Marisa MOLX $24.28 +1.97
Namilita NL $12.72 +0.11
Nicole E. NI $25.25 +0.53
Nicole L. COL $50.31 +1.04
Reagan REGN $129.62 +5.69
Ruby RJET $5.54 +0.14
Wilson WILC $4.57 -0.03
Winston ED $62.24 +1.95
Zero ZIP $10.10 +0.44
Zondro ZQK $2.74 +0.21
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2 Comments »

  1. I also love your new cute little Bizarro header. And our new FSX member Nicole E.

    Comment by euregirlsandboys — June 10, 2012 @ 19:10 | Reply

  2. Heck yeah!

    Comment by nicole — June 15, 2012 @ 13:36 | Reply


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