Business Magazine

Monday Markets Anonymous

Posted on the 26 December 2011 by Phil's Stock World @philstockworld

That’s right, if you are reading this, you probably are too – so we have that in common right off the bat!  I hope everyone had a very Merry Christmas although I was shocked and disappointed that there were no Football games on Sunday, as that was my plan for the day.  More time reading the Sports section and less time reading the Financial section and I probably would have been aware they moved all the games to Saturday.  Next week is just as bad because they’re playing the pro games on Sunday, which is New Year’s day, and they are playing the college bowl games on Saturday and Monday.

At least I know what I’ll be doing next Monday!  Anyway, this isn’t Phil’s Sports World and you are probably here because you need a fix on the stock news, not the Sports news but there’s nothing going on in the markets.  Japan was closed Friday and moved up 1% today while the Shanghai dropped 0.7% and is now down 22% for the year – which will make it a little hard to save at this point.  In fact, the Shanghai is down 6% this month as I imagine, at this point, they may as well take it way down so they can have a better recovery next year (if at all).  

Hong Kong and India were closed today while South Korea and Taiwan were both down about half a point – all on very think trading, of course.  

There isn’t even much news – most people seem to have taken my advice and gone to cash and are taking the end of the year off.  

So, we’ll use this post for general comments but my goal for the day is to update my commentary in the PSW 2011 Holiday Shopping Survey and to update last year’s Secret Santa’s Inflation Hedges (I’m still deciding whether or not the market conditions warrant new inflation trades at the moment) and, of course, get a little more serious in our Build A Berkshire Workshop, which I’ll move to the top of the page a bit later.  

I’ll be updating this post in comments, kind of like weekend reading and for general discussion.  

 



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