Erikas Buys for Monday

I'm picking up a financial, COF - 200 shares, since it came in today. Tempting though it might be, I'm not increasing my holdings because I dont want to be overweighted in it.

So - COF - Buy 200 for Monday.

Looking forward to a rally by Friday!

Update to previous note

"The Contrarian" referred to in the previous note is "The Contrarian
Chronicles" by Bill Fleckenstein. My apologies for not being clearer.
His column is always worth reading. Dad

Happy Meal Indicator

Yesterday I paid $2.80 for each of two MacDonalds Happy Meals, up from
about $2.20 about two years ago. Jim Jubak's column deserves reading
several times. So does Ron Insana's book "The Message of the Markets."
Almost all commodities are going up and there probably is a reason in
addition to China, India, etc. What is the message of this market? Could
our government be spending too much money? Also worth reading - "The
Contrarian" (on the same website that has Jim Jubak). Dad

Jubak's "Bagel Index" may forecast stagflation

I dropped by CNBC.com today and was greeted by the headline "Bagel index shows bite of inflation". I don't think any of us are really surprised by this... he also asks "What are your real world indicators of inflation?" Mine was always the Meat and Moo Index - dairy products have not stopped rising yet in the last two years, with milk now sitting around $3.29 a gallon, up a staggering $1.10 in only three years. And meat is also now on the rise - hamburger I bought for $5.79 is now sitting at about (get this) $7.29 for the same amount of meat. That's not small change folks.

What do you think? Is Jubak right or wrong? And what are our indicators?