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Nov 13, 2006 - Issue #032
Dow score card for the week ending 11/10/06.
DJ-30: 12108.43 +122.39 +1.02%. In the Real World: 50.42 +0.51 +1.02%.
UP: 20 (+12), Down: 10 (-12).
Trends (weekly): This is the subjective part.
Rising 18 (+3):
+*AIG, +*AXP, +*BA, +*DD, DIS, HON, HPQ, IBM, INTC, JNJ, JPM, KO, MO, MSFT, +*PG, T, VZ,
Consolidating 10 (-1):
+*AA, C, GE, -*GM, -*MCD, MMM, MRK, PFE, UTX, WMT.
Declining 2 (-2):
* denotes change of category.
+/- denotes change of direction.
The mid-term elections are over; America has spoken. The Democrats will control both houses
of Congress for the remainder of the Bush administration. The '08 presidential race now
But something is different this time around. For one thing, the incoming freshmen Democrats
are not at all like the liberals of prior years. These people belong to the National Rifle
Association. 'Gun-control' to them means 'holding it steady with both hands!
Americans, although definitely unhappy with the way things are going, in the only clear-cut
referendum on the war in Iraq, Connecticut voters easily re-elected the hawk, Sen. Joseph
In Michigan, voters not only re-elected a Democratic governor and senator but at the same
time, by a comfortable margin, banned affirmative action.
While electing Democrats, five states banned gay marriage.
More than Iraq, voters were fed up with corruption and out-of-control 'ear-marked' budget
The far-left liberal leaders of the Democratic party were not to be seen nor heard during
the weeks leading up to the elections. Gun-control was not even mentioned.
Democrats are already announcing their intentions to run against 'Hilary' for the
Things, apparently, are different this time around. Very different!
As for the market, what are we to make of all this? The same as we always do: Look for the
best values, discern trends, and act accordingly. And protect ourselves at all times.
For the week, the DJ-30 was up 122.39 points. In the real world, that translates to +$.51
The individual components were all over the place ranging from BA +$5.65 and +7.07% to MRK
-$1.98 and -4.39%.
The trends an impressive 18 rising, 10 consolidating, and only 2 declining.
The daily numbers for Friday are much more subdued: +$.02 and .04% with trends indicating
8 rising, 14 consolidating, and 8 declining. I get the feeling stop loss orders should be
I still like AA, HD, and INTC. They're the ones most beat down year-to-year and, in my
opinion, showing signs of accumulation.
I read a disturbing forcast regarding the future effect of real estate on our economy. You
can read about it at http://www.mutualfundmagic.com and, if true, forewarned is forearmed.
As you know, markets swing both ways and money can be made in either direction providing
we're in sync with the trend.
In that regard, I believe you could do worse than becoming a subscriber to MarketClub. The
"Giant Footsteps" feature is, in my opinion, quite remarkable.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!