Aaarrgh... Good Point!

I goofed up a little yesterday -- Brazil did win the FIFA World Cup once before in Europe: in 1958 in fact, in Sweden, beating... er... Sweden 5:2 in the final. A big 'thank you' to the anonymous football history buff who kindly pointed that out to me. My apologies, I should have known better -- that World Cup also announced the majestic arrival at the worldwide stage of a certain 17-year old football prodigy by the fascinating name of Edson Arantes do Nascimento, a.k.a. Pele. It seems his second coming is playing for Barca today and is called R o n a l d i n h o, a.k.a. The Ever-Smiling-Toothy-Rabbit-Football-Genius Boy.

Not much to report on the market side today, except that if you're trading this week, I hope to God you didn't try to short a dead(ly buoyant) market, especially if this guy is right (which, given what I have been saying over the past month, I think he is!).

If you are still looking to sell anything, you can definitely sell GOOG @ $424 -- trust me, it's super expensive!! I have been calling for people to lighten up on that internet monster since it hit $380, but I guess what's saving my blushes now is my (other/pair) trade on getting long YHOO instead @ $38 (that one, thankfully, is trading at $43.40 right now, so is still technically outperforming GOOG by a couple of %). Still, anyone who thinks that GOOG is a bargain at $424 on its current financial metrics, should have their 'ead examined. I don't care if Fidelity has gone bonkers again, and are buying another 3% of the stock here, it's just the wrong price! Granted GOOG is a great company, but it is no longer a great stock at these stratospheric levels.

Last but not least, Happy Thanksgiving everyone -- eat safely, maybe even consider pardoning a turkey if you ain't that hungry!! Will be back in the blogging saddle on Monday.