Tuesday, June 2, 2009


Traveling this week, so posting will be erratic.

Quick thoughts: Shorting this market must be hurting! Looks like we're headed towards 980-1020 on the S&P 500. The trend is surely up..

Turns out DOW opted for a non dividend paying name like Cisco(they never had an explicit policy which stated so), though the obvious price-weighted disqualifiers like Google(GOOG), Apple(AAPL) and Goldman Sachs(GS) were indeed not considered. Actually, thinking further on this, Microsoft(MSFT)wasn't paying a dividend yet when it was inducted. So there's some precedent. I'll keep an eye on Cisco for starting that dividend stream sometime in the next 2-3 years.

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