Back from my Bday Vacation

Hey guys,

Sorry I haven't posted in a long time. I know I didn't tell you, but I kind of went on a two week bender for my birthday. I'm getting old I know. I'll post some summaries

DOW

6-11 up 31.90

6-12 up 28.34

6-15 down 187.13

6-16 down 107.46

6-17 down 7.49

6-18 up 58.42

6-19 down 15.87

S&P 500

6-11 up 5.74

6-12 up 1.32

6-15 down 22.49

6-16 down 11.75

6-17 down 1.26

6-18 up 7.66

6-19 up 2.86

Portfolio

6-11 up $576.59

6-12 up $1,071.64

6-15 down $1,082.78

6-16 down $871.29

6-17 up $949.62

6-18 up 37.26

6-19 down $395.94

Trades none. Just hanging out really. Losing crazy money left and right.

6-22

DOW was down today huge over 200 points at 200.72, S&P 500 down over 3% at 28.19 to close below 900 points and the Portfolio was down $1,173.57. Not a good day for the markets. This may be the start of the correction that the pros see. A huge negative technical indicator with the S&P 500 closing below 900. The thing to look out for here is to see if the index can rebound at 870 which would be a very bullish move for the market.

No trades today in the portfolio but I need to update you guys on a couple of transactions. My AA put expired OTM which means I made 100% on that trade minus commissions. My BAC put that I used for protection and my upside BAC call both expired worthless for a loss of over $1,200!

Dividends for DUK and PGH hit last week for $35.65 and $11.74, respectively. Both are on a DRIP plans which mean the dividends automatically buy as many shares as they can without hitting commissions.

The FOMC is meeting as we speak and the treasuries are planning three days this week of huge debt issues of the 2s the 5s and the 7s if I'm not mistaken.

This will be a huge issue this week and the dollar should weaken. Beard (Ben Bernanke) will be very important this week on what he says about inflation. I wouldn't be net long equities.