Keep Things in Perspective

We had a bout of selling come into the market late this morning, pushing stock prices around a bit.  I raised my cash levels to 9% through the sale of American Apparel and a scale in Angie’s list.  I still like both names.

There’s serious strength today in Trulia and Zillow.  I’ll be keeping both names on my radar going forward.

We’re seeing mixed action in the solar sector.  My new FSLR long is getting engulfed in sell orders.  I’m not overly concerned as the chart continues to look constructive.

It’s interesting the Carnival cruise ship made news headlines today.  After watching the State of the Union last night, and admittedly being a little drunken from Guinness, I was thinking about how stupid we really are.  As a nation, we like to comport ourselves in a manner that exudes civility and order.  All these politicians sit in their fancy rooms and have clapping contests and we all get on with our lives like good first world class citizens.  But it’s all so delicate.  The only thing keeping us from turning into Afghani troglodytes is better weather and landscape.  Put 1000 average Americans in cave country without food and all hell will break loose, everything will become a toilet.  Disgusting.

It’s all pinky up until you’re punched in the face over a Cool Ranch taco.

I better bottom line this post.

BOTTOM LINE:  There’s been a bit of selling but we’re still above key levels.  House hunting apps are all the rave.  I have more cash on hand now than I did earlier today.  Top pick remains TPX.