Phil Grossfield's Blog


Colossal Responsibility; Bonds Looking For Light

buzzMy Schedule…and A Little Extra:  I took my responsibility very seriously (emphasis on very) to be in charge of 14 girls at my daughter’s 8th birthday party Saturday.  We hosted Build-A-Bear and told the parents it was a drop-off…that means you drop your kid off and then you take off leaving me in charge.  And so I was responsible for all these crazy creatures.   I made sure there were no alternative exits and stood by the front door to ensure none of them could escape.  I performed countless head-counts.  I scanned the perimeter like the Terminator with my head going side to side…like Arnold was watching a tennis match.  And now for the analogies:  you would have thought I was a guard at a maximum security prison; I was like Buzz Lightyear standing guard over the gang in Toy Story 3; I was like a prairie dog making sure the herd stayed within the designated area; I was like a republican on Congress monitoring the democrats to stay within spending limits; I was like paddles of a pinball machine trying to keep the pinball from getting through.  Okay, that’s enough analogies.  It was a success and every child was returned to their rightful owner, I mean parent.  Whew!

My Market Watch:  Rates/pricing is slightly better than yesterday.  Stocks cannot possibly continue to climb, can they?  I hope not…I think not.  At some point traders will realize their gains are capped and start to sell and that is what started the day today.  If it continues expect bond prices to improve.  I am betting this will be the trend over the next month…and let us pray…. My Disclaimer

My Schedule:  Today I have an appointment at 10:30a in San Diego and free the remainder of the day.

My Fun Stuff: I watch this almost every single day  |||  All My Fun Stuff

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