“Rumors of my death are greatly exaggerated”

Just a quick note to my adoring public who I’m sure has been suffering significant withdrawal at the recent absence of my blog.  Please do not fret!  Dr. Kris is alive and well and in the process of forming an LLC (this is taking an inordinate amount of time), fielding emails from my fans (all two of them), and hanging out on the beach–I mean, doing vital and necessary research.  A-hem…

But I promise to get something out this week.  You probably won’t believe me when I say that not getting a blog out hurts me more than it hurts you because I feel as if I’m letting other people down.  Talk about carrying the weight of the world on my shoulders!  (Stop, I need a kleenex to dab away the tears welling in my eyes. I’m temporarily verklempt, and I’m not even Jewish.)

Yesterday I was going to write about how straddling the market sounds like a good thing (since the market has been under consolidation) but when I checked out how much at-the-money put and call options are on the index tracking stocks (DIA, SPY, QQQQ), the idea didn’t seem quite so brilliant.  And today when the bulls finally emerged victorious, I was seeing a lot of “crap” going by on the stock ticker, i.e., those low-priced, thinly traded issues with five letters in their stock symbols.  When this situation has presented itself in the past, it has typically been a harbinger of investor overexuberance, and we all know what that means.*

But if we are ultimately in for a correction, it may not be for a while so I think that tomorrow I might blog about some of these limburger stocks especially those that have been moving up quickly.  That’s where a ton of money has been made recently and since we’re just as good as everyone else, we might as well hitch a ride on this bandwagon–er, garbage truck–while we can. 

Okay, I’m off to chat with my dental hygenist (actually she does the talking and I do the listening).  Until the morrow, mes amis!

*For those of you who just fell off the turnip truck, when people start throwing good money into bad companies, that’s a sign that the market is overheated and is due for a correction.  (See Alan Greenspan, irrational exuberance, and tech bubble.)

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