Weekend Update

Taking our daughter to get her first haircut was a memorable experience. Funny how life's little pleasures mean the most. We also took her to see The Incredibles. Great movie. Unbelievable graphics. Just phenomenal. Three-quarters into the movie...the entire audience is silent...just totally absorbed into the movie. Don't you just love those movies where you get so into it...you forget you're at the movies? So, go see The Incredibles...two thumbs up!

Here's some interesting reads from this weekend:

• Is this the beginning of a new secular bull market? Clem Chambers of ADVFN thinks so and makes a compelling argument. His main reason? "We are experiencing huge global progress. I am using pro-gress in the Victorian sense, progress being the improvement of humanitys lot. This progress will make the world a rich place. Even in sluggish, Europe, the effects of an exploding world economy will inundate us with wealth." Read on...


• Roberto Perdone from the NasdaqTrader blog found a great article on Buffett-inspired investor, Eddie Lampert. This is the guy behind the recent KMART turnaround. Sounds like a pretty sharp cookie having worked with Robert Rubin (Clinton's Treasury Secretary), Professor James Tobin (Nobel prize winner in economics), and astute fund manager, Richard E. Rainwater. Read on...


• Interesting article on Robots and NASA. Read on...


• U.S. is 1st, India is 2nd, Russia is 3rd. What country contains the 4th largest number of computer programmers in the world? Ukraine. Read on...


• It's about time. Why is it so easy for American companies to outsource their IT to India, China, or Russia when they could outsource to rural America for practicaly the same costs? I really like Kathy White's approach in working with universities. It's amazing how many outstanding programmers are being produced from America's rural universities. Yet, very few companies are paying attention. Read on...


• Donald Luskin's take on the falling U.S. Dollar. Claims Warren Buffett doesn't know what he's doing. Greenspan doesn't either. And of course, he knows all. When I read articles like this I always ask...what was the point of writing it? Trying to prove something Donald? Read on...

Daily System Updates
Current open system positions:

• CVT long with current profit of 0.79%.

Weekly System Updates
Current open system positions:

• 1 QQQ long with current profit of 1.87%;

As I've mentioned in previous posts...I do have other weekly system positions that I purchased back last week. But, I've decided not to share them. Most of those positions were triggered several months ago. I've decided to only share the positions triggered since I've started this blog.

Have a great week!

Please read the disclaimer on the website. This is not a recommendation to buy, sell, or trade securities. Just a journal of my travels through Wall Street. I can buy, sell, or hold any positions mentioned on this website at anytime. So, be warned.