Reading Time: 2 minutes Week in review 030109 to 030709 We are officially in Obama bear market (source: Bloomberg), in other words, the stock market (i.e., Dow industrial for most people) dropped 20% since President Obama took office in Jan 20. Yesterday S&P 500 briefly touched 666 (the number of devil), pretty scary, huh? I am sure this economy/financial
Reading Time: < 1 minute Yesterday Dow Industrial closed above 14,000 the first time in history. Many people, bulls, bears, analysts, CEOs, ordinary workers,…all get excited about this. Many US workers have 401k plan, and I bet some of that is invested stocks (indirectly through Mutual Fund). But Dow Industrial is NOT a good indicator of the overall stock market.
Reading Time: < 1 minute I was very pleased with my portfolio’s first 6 months’ performance this year, while I don’t have exact number here (waiting for Scottrade to create June 2007 statement), my return is about 30%. My biggest winner is Crocs (CROX), which went up more than 100%, Mindray (MR) also helped a lot (went from $23 to
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