Mr. Sensitive

March 14, 2014

FSX Friday Update

Filed under: Uncategorized — lbej @ 16:40

I still believe we’ll print 5000 on the NASDAQ Composite, but…my conviction level is a lot lower than it was last week.  The March 4 Putin Pump is starting to feel—in retrospect—like the sort of capitulation buying that comes at the peak of a bubbly bull market.  Retail investors have been rushing back into the market over the last six months, and all those folks who’ve been waiting and waiting for a meaningful pullback to give them a lower entry point finally gave up and bought bought bought when the market shrugged off the unresolved Ukrainian standoff last week to notch new highs.  Are we at the point where there are no more incremental investors looking to buy the dip?  I didn’t think so at the time, but now I’m not so sure.  If that’s the case—the moment of capitulation buying has passed—it wouldn’t mean a crash is imminent, or even that we won’t retest the highs.  It would, however, mean that the bull market is over.  Time will tell.

The Family Stock Index traded down in line with the broader market, losing 1.8% on the week compared to a 2% drop in the S&P 500.  The all-time high for the FSX—17,343, reached on Dec. 31—is looking more and more like a top.  We failed to make new highs last week and I expect that we won’t have another shot to do so until the second half of the year.  The FSX may be stranded between 16,200 and 17,200 until we get some clarity about, well…anything.

Advancers

  • Zero (Z) +6.2%.  Is it the Z?
  • Zondro (ZQK) +3.8%.  It must be the Z.
  • Mario the Elder (MGEE) +3.3%.  This may be a sign that Mario the Younger is going to name his upcoming son Mario after all (Mario the Youngest?).  That would be confusing for everyone except Grandpa, who’s almost certainly going to call the little guy Mario a few times whether that’s his name or not.

Decliners

  • Lee (TGI) -2.3%.  I could not want to go to this Jeopardy! tryout any less than I do.  I’m really quite the recluse.  Fortunately, Brinkley gives me a handy excuse—I tell folks I can’t go anywhere because he can’t go anywhere (not peaceably, anyhow).
  • Brinkley (BCO) -4.2%.  Unfortunately, it’s not just an excuse.  It’s also the truth.
  • LULU -5.7%.  I’m considering buying a BB gun to shoot at neighborhood cats that are killing my fish, and investors are clearly concerned that I will be unable to resist popping Lulu as well.  I’m offended, frankly—throwing socks, stuffed animals, and koosh balls at her works perfectly well.
  • Lucas (CTG) -5.7%.  For some reason, the rebranding/irrelevance/impending doom of Radio Shack makes me sad for Lucas.  Back in the ‘80s it would have been his kind of place.
  • Josie (JCOM) -6.0%.  She really is a little cutie.  What’s negative about that?  Nothing, and that’s the point.  I’m not going to make fun of my baby niece—I’m not a monster, people.  It would be incredibly inappropriate to say anything about her giant head until she’s at least 1.
  • Justin (XOXO) -19%.  I’m afraid the Team DW era may have run its course.  Is a postmortem premature?  Maybe.  We accomplished some great things, and Justin’s design work was often inspired and, at times, inspiring.  I can see the world I created more clearly because of Justin’s efforts and I’m immensely grateful. That said, the 2013 magic seems absent now, and sessions that were galvanizing have become demoralizing.  So…what’s up with XOXO?  I’m not going to waste more of Justin’s time with the details of my failure and Radio Shackish irrelevance, and that should be a good thing.  It’s not like I was helping to moderate Justin’s…irregularities.  I’m sure my brother is firmly in control of his pink shirt fetish.  He doesn’t need me or the Pritz looking over his shoulder to keep him from replacing all his clothes with tight pink shirts (including all his pants).  And certainly there’s no chance he’ll special order matching tight pink shirts for Icky, who won’t, of course, be renamed Pinky.  See?  Nothing to worry about.
Name Ticker 3/14/2014 Change
Brinkley BCO $29.19 -1.29
Charlotte ICE $204.93 -7.71
Dustin DST $95.98 -0.69
Icarus FAST $48.52 -0.53
Jenny GNE $11.12 -0.18
Jodi Ann JOY $55.75 -1.07
Josie Ann JCOM $48.55 -3.12
Justin XOXO $9.78 -2.25
Katie CATY $25.44 -0.37
Lee TGI $63.69 -1.52
Lisa LNCE $27.50 -0.33
Lucas CTG $16.81 -1.02
Lulu LULU $46.78 -2.83
Marcus MCS $14.50 +0.09
Mario T.E. MGEE $39.84 +1.28
Mario T.Y. MAR $53.88 -0.91
Namilita NL $11.00 -0.15
Nicole E. NICE $40.70 -0.31
Nicole M. COLM $83.22 -0.78
Reagan REGN $329.50 +1.39
Ruby RJET $9.34 -0.29
Wilson WILC $7.36 +0.05
Winston ED $54.66 -0.78
Zero Z $87.10 +5.07
Zondro ZQK $7.92 +0.29

 

 

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2 Comments »

  1. Mario would have had to name that baby Mario if he’d been born on Mario day Monday, but he missed his chance.
    Jeopardy’s gonna be awesome.
    And I do think Radio Shack would have been Lucas’s kind of place.

    Comment by Katie Eure (@euregirlsandboy) — March 14, 2014 @ 16:59 | Reply

    • That’s a lot of information.
      If the baby’s born on May 4 will he be named Obi-Wan? What about Yoda? Yoda Machi has a nice ring to it.

      Comment by lbej — March 14, 2014 @ 19:05 | Reply


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