Mr. Sensitive

April 5, 2013

FSX Friday Update

Filed under: Uncategorized — lbej @ 16:35

Wow, what a terrible employment report—it must be time for the long-awaited correction, right?  The Dow opened Friday down 170 points, but instead of panicking, investors yet again bought on the dip, and all but 40 points of that early loss was erased by the close.  When the market goes up steadily but significantly—as it has since mid-November—everyone talks about wanting a ‘healthy’ pullback to create buying opportunities.  But when the market pulls back just 1%–as it has this week—those same folks tell us this is the end of the bull market.  You can’t have it both ways.

Unlike the Dow, the Family Stock Index had a legitimately lousy week, falling by 250 points on Monday in a flat market, and adding to those losses as the week wore on.  Today’s closing level of 14,846 is nearly 3% below last Friday’s close, and the weekly decline is the largest for the FSX in 11 months.  Advancers trailed decliners 6 to 19, and breadth was even worse than that ratio indicates; 14 of the 19 decliners fell by at least 3.5% and nine were down more than 4.7%.  It was bad, but it could have been much worse.  The 13% decline in RJET cost us 90 index points; the same move last week (before the quarterly rebalance) would have shaved 170 points off the FSX instead.  Thanks go to Ruby for waiting that one extra week to tank.


  • Zondro (ZQK) +6.6%.  We had freezing rain and sleet here yesterday; as long as there’s a chance of inclement weather, there’s a chance for Zondro’s long inside-dog idylls to continue.
  • Reagan (REGN) +5.1%.  Reagan can finally wear hang-down earrings after six months of nearly-unbearable waiting.  If you don’t understand that it’s a huge deal for her, know this: she texted her mother at midnight on the day of her lobe emancipation to announce it.  I didn’t even know Reagan was able to stay awake past ten.
  • Lulu (LULU) +3.2%.  Lulu spent two nights outside this week.  If she goes back to stalking small animals at night—as opposed to my feet and Katie’s face—her risk of sudden death by smashing will drop dramatically.


  • Nicole E. (NICE) -3.7%.  If getting the actual Brinky Bowl means so much to Nicole, she should make Justin come down here and retrieve it.  Or Icarus–he’s fast.
  • Marcus (MCS -4.7%) and Jodi Ann (JOY -4.7%).  Brinky usually doesn’t sleep past 6 o’clock, so weekends, holidays, and vacations are all the same—every day starts at 6 a.m., if not earlier.  Of course, every now and then he’ll sleep later than six, and on those rare days Katie and I can sleep in, right?  Wrong.  If Brinky doesn’t wake up at six, I wake up at six, concerned that something’s wrong with him because he didn’t wake up at six.  And that’s why 9:00 p.m. feels like midnight felt before I had kids.  And by 9:00 p.m. I mean 7:00.  Why do I bring this up?  Um…you know, I can’t even remember why; 4:30 p.m. feels like midnight used to feel.
  • Charlotte (ICE) -4.9 %.  Charlotte and Zero won’t be relocating to Wall Street after all.  It’s a shame, really; several dozen portraits of my sister around the trading floor of the NYSE would have really improved the atmosphere.
  • Katie (CATY) -5.3%.  Sausage madness.
  • Brinkley (BCO) -8.4%.  I know the little sneak could talk if he wanted to, but investors have lost faith.  Maybe when he sees how far out-of-the-money his stock options are after this latest move, the joke won’t seem so funny.
  • Nami & Lita (NL) -9.4%.  Think of the floor of the NYSE transformed into a giant litterbox and tell me an opportunity wasn’t missed.
  • Ruby (RJET) -13%.  One piece of advice from the person who regularly cleans the girls’ bathroom: wash the towels twice.  One more piece of advice: don’t ask why the towels ought to be washed twice.
Name Ticker 4/5/2013 Change
Brinkley BCO $25.90 -2.36
Charlotte ICE $155.06 -8.01
Dustin DST $68.90 -2.37
Ghost Marisa MOLXA $23.17 -0.95
Icarus FAST $49.19 -2.14
Jenny JNY $12.65 -0.07
Jodi Ann JOY $56.73 -2.79
Justin SCI $16.35 -0.38
Katie CATY $19.05 -1.07
Lee TGI $78.41 -0.09
Lisa LNCE $24.58 -0.68
Lucas LEI $1.25 -0.08
Lulu LULU $64.33 +1.98
Marcus MCS $11.90 -0.59
Mario T.E. MGEE $55.35 -0.09
Mario T.Y. MAR $40.66 -1.57
Namilita NL $11.26 -1.17
Nicole E. NICE $35.48 -1.35
Nicole M. COLM $58.70 +0.82
Reagan REGN $185.41 +9.01
Ruby RJET $10.07 -1.47
Wilson WILC $6.26 -0.37
Winston ED $61.31 +0.28
Zero ZAGG $7.32 +0.04
Zondro ZQK $6.47 +0.40

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