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Events
Investing
Investing Ideas #1 - Disk Drive Companies ($DDX)
More to come here...
But pushing off an idea from a list of outperforming industries, disk drive companies - at least the best one(s) - should be a sure thing, even when other tech struggles.
I'll try to edit this and flesh out the idea when it's not 1:11 AM and I haven't just spent the last 12 hours repainting the girls' playroom...
For now, who are the $DDX companies?
ADPT - ADAPTEC INC 2.52
HTCH - HUTCHINSON TECH 15.90
IMN - IMATION CP 21.15
IOM - IOMEGA CP NEW 3.26
NTAP - NETWORK APPLIANCE 21.08
QI - QIMONDA AG ADS 4.50
SNDK - SANDISK CP 22.15
STX - SEAGATE TECHNOLOGY 22.21
No Rally Today
Tough way to end the week in the markets.
The DOW is off almost 300 points as I write this and the dollar has sunk to historical lows. I am amazed listening to CNBC and other MSM at how much credence they give the Goldilocks stuff and how surprised and skeptical they seem about the Roubini-type scenarios playing out.
I've been expecting this and much worse for over a year now. For anyone paying attention, there have been plenty of accurate predictions about how several concurrent events -- the bursting of the housing bubble, the repatriation of the yen carry trade, the ascension of China, the repercussions of so much liquidity injection by the Fed -- would likely play out. The rest remains to be seen, but so far the decline is consistent with stuff I've been reading for quite some time now.
Random Roger
One of my favorite financial blogs is Random Roger, Roger Nusbaum's blog. I like what he has to say about ETF's, global and emerging markets, and diversification and balance.
