Monday Blue

Peter Lynch once observed that Monday are the days that the stock goes down most.  The reason, as he surmised, is that people are over-thinking during the weekend. Being the saga as Peter Lynch is, his observation rings so true sometimes, like today.  During the weekend, there are a lot of press talking about recession, inflation etc, so, it is no wonder today's market feels so listless.  The loss was small, and volumn dropped quite bit.

I skipped Friday's blog,   one reason is that I thought I could find some time during the weekend to make it up, but obviously, the priority shuffled once you take it easy, especially, when you get an important cowboy games :).    the other reason is that there is nothing to write about in Friday...    the market did not offer anythings new, like it is on the auto-pilot, and I did not find anything so compelling to jump in/out.

In general, I still believe we will have a good week, at least, the market may end the week slightly higher. Obviously, there are test along the way, but, unless the news are so dismay,  it should  not derail the bull.

The fisrt test, of couse, is tomorrow's consumer's confidence and existing home sale..  hopefully, it will be better than expected..   but they are not really trend changing kind of event...  so, we may see yet another quiet day.