Virtual Office, $1202. Dow, +142.99, 13378.87.

Evolution, $1315 on 30,400 shares traded.
Denarii, $95 on 1400 shares traded.
Me, $19 on 2400 shares traded.
Bubs, $13 on 800 shares traded.
OBAT, -$240 on 5094 shares traded.

My goodness! I can't believe the Dow was up so big.

The Bulls apparently are not the ones vacationing in the Hamptons this summer. They are at work bidding up stocks on no volume while the Bears are sipping Corona's on the beach.

I tell you what... I think the Bears are getting good and rested. Once the volume comes back into this market I don't think it will be to the upside.

Anyway, Evolution decided he wanted to make some money today. He's been on a great streak and it's great to see because for a while he was on the rocks. Congrats ET.

Meanwhile, since I barely traded today I won't be posting a daily. See you Monday!

Jack Johnson, "Traffic In The Sky"

Mellow song for a summer Friday. As the traffic in my neighborhood shoots to a peak during the next week, I'll think often of this song.



Words of wisdom all around
But no one ever seems to listen
They're talking about their plans on paper
Building up from the pavement
There are shadows from the scrapers on the pavement
It's enough to make me sigh
But that don't seem like it would make it feel better
The words are still around
But the words are only sounds
And no one ever seems to listen
Instead they'll say

Well how could we have known?
I'll tell them it's not so hard to tell
If you keep on adding stones
Soon the water will be lost in the well

Slow Motion

So we're off to a really slow start today.

10:00 yesterday: 204,379,000 shares traded on the NYSE.
10:00 today: 149,017,000 shares traded on the NYSE.

Things will slow further as this summer Friday rolls on.

People are already gone. Preserve your trading capital. If you have one or two good trades, call it a day. I'm out of here. I'll post the VO later but it may be late again.

Here's a slow motion video. Some of this stuff is really cool.

Barack Obama On The Daily Show

Hudson City Bancorp

Okay, today I've actually made plans in the middle of the day so that I'll be forced to only trade a half day.

Meanwhile, not sure if anyone has noticed, but I removed the Stockalicious thing from my site. Really... who was checking it? I'm awful at the long-term stuff. However, that said, I'm very happy with how my GAIA has held up during this period of market turmoil.

Also, yesterday I purchased a little HCBK. I feel very responsible purchasing a bank stock in my long term portfolio. Banks aren't a fad.



Anyway, here's what I like about it. Check out all that volume that has come into the stock in the last 5 weeks. Basically, it is being accumulated by institutions. That's what volume like that tells you. Your run of the mill retail investor isn't purchasing bank stocks in the middle of the media frenzy over sub-prime. The stock is pennies away from an all-time high. However, look at a monthly graph and you'll see this stock isn't a "growth" vehicle. This is a safety play.

The stock was featured yesterday on CNBC. However, a friend of mine who is very successful in real-estate mentioned it to me a few days earlier. He said that it was the only bank he knew of that didn't sell it's mortgages.

So, if the polar ice caps don't melt and sink the US in the next 100 years, I plan on passing this stock onto my great-great-great grandchildren... that is assuming all of my children don't turn out to be gay.

DISCLAIMER: This post should not be taken as a recommendation for you to purchase any securities mentioned within. And, unfortunately, the polar ice caps are going to melt and all of my children will all turn out to be gay so I will not have any financial responsibility in 30 years. Therefore I can throw my money around purchasing "risky" stocks like HCBK.