This column was originally published on RealMoney on Oct. 12 at 8:05 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
I mentioned to my daughter the other day that she was really giving me a "core dump" of information. She looked puzzled, and I then realized that's a computer expression that went out of style (and use!) about the time COBOL vanished.
Anyway, that's just my way of segueing into my own little core dump this morning.
My friend Bob Drach believes that if the market continues sliding, it will present a terrific buying opportunity over the next few weeks, as we benefit from a late October through December rally. I tend to agree.
Is The Wall Street Journal's "Ahead of the Tape" column trying to rival Alan Abelson's column in Barron's for consistent negativity? Seems that way.
As housing stocks have continued sliding, I haven't heard much from my critics in that area. Of course, I will once they bounce, which should be soon.
Speaking of computers and COBOL, I'm urging both my daughters to take at least one computer coding course along the way. Forget the actual language, though. You learn to think logically, which I see as a vanishing skill more and more.
Typical: Just when everyone was getting hysterical over $100/barrel oil, that sector topped.
If you want to know what the next "hot stock" is, forget what you're buying and instead look to what your teens are buying. Most of us spoil the heck out of our kids (me included), and if I had been even half awake, I'd have noticed stocks like Apple and Abercrombie & Fitch long before they became popular.
I'm mixed so far on my Verizon FiOS service. Unless you shell out fairly hefty bucks, it's no faster than my Comcast Internet service. Verizon may end up being more reliable, but the past few days its email server has been taking about 10 hours to send me return messages. Can't live with that.
The Yankees and the Bosox out of the playoffs? Time to get interested in football again.
Today, charts for the
streetTRACKS Gold Shares
iShares MSCI Japan Index Fund
Charts produced by TC2000, which is a registered trademark of
Worden Brothers Inc.
And that is the final word from the Detroit Zoo, where I can't help thinking the hue and cry over avian flu will be much ado about nothing. But I guess we always need something to worry about, right?
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Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.
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