Friday, September 14, 2007
Decateur's Weekly Business Roundup
Friday again!? ...Man. Guess I better make everyone happy and do the "roundup."
The markets are up, the markets are down. Up, down. Up, down. Hard to make sense of it, huh? This week I'm cutting my losses by going both bear and bull. Bear meaning sell, bull meaning buy. For the bear side of things let go of anything you own that starts with the letter "S": Sysco, Seagram, Starbucks ...if you got stock in a company that starts with "S" get rid of it. As for bullish investments, I'm going with the solid "M" equities. Microsoft, Michelin and Merck, etc... Anything with an "M" is as good as gold this week, as far as I can see. I know this advice is conservative, but when the markets are this wacky, I have no choice but to think on the safe side.
On the news front, there are a few items of interest that the investor should keep his or her eyes on. One such item is the spate of hurricanes that have hit the Caribbean and Gulf of Mexico in recent weeks. According to the Associated Press hurricane Humberto quickly gained strength before landing on the Texas coast yesterday. This means rain on the Texas plains, by all measures.
According to Reuters, because of the threat this hurricane posed to gulf oil production, oil hit its all time high this past week - $80 a barrel - before dipping to a more comfortable $79 late today. What does this all mean? Well, it means that if you're a pessimist, you'll dive into rain gear and roofing shingle equities on a hunch that this hurricane season will be downright nasty. This also means higher prices at the pump and a rise in oil product prices such as Oil of Olay. Look for weekend trips to stay closer to home and a drop in overall skin texture and condition.
On a final note, I want to make it clear that, with Brett Favre leading the Packers deft offense this season, there's no reason to believe that the Pack won't dominate the league. After their decisive dispatching of the Eagles last Sunday, there should remain no doubt that "the Pack is back!" I'm glad I'm not a Giants fan right now - feeling terror is not something I enjoy. My prediction: Pack 49, Giants 6. Tailgating season has begun! Look for a spike in bratwurst and cheese curd equities.
Thanks for reading my column. Whatever...