Monday, October 17, 2005

Start of a Big Week

So far, October has been absolutely brutal to the markets. All the major indices are getting hammered. It's been a tough month. Today's events were a nice change of pace. The long-term portfolio has been teetering on the brink of break-even for the year. But, it is still ahead of the S&P 500 index by almost three percentage points.

Anyway, this is a big week for me. We start off with St. Jude's Medical (STJ) announcing the $1.3B purchase of Advanced Neuromodulation (ANSI) and also reporting great earnings. The Supreme Court rejected a Dept. of Justice appeal in the RICO case. On Wednesday, Altria (MO) will report its quarterly earnings before the market opens, and EBAY will do so after the close. And, we'll close out the week with the expiration of the EBAY options and Seagate (STX) options.

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