July 12th, 2007

Stock Market


A truly amazing day in the stock market today.  The Dow Jones Industrial Average pushed into record territory, 13,861.73, up 2.09%, and the S&P 500 also broke it's previous record, up 1.91% to 1,547.70.  The tech-heavy Nasdaq was up 1.88%, though it's a LOOOOOONG way from reaching the record highs set just before the Dot Com Bust of 2000.  The bulls dominated the bears all day long.

Of my stocks, ConocoPhillips (COP) was the big winner, up $3.05 (3.56%) per share.  Chevron (CVX) was up $2.55 and Exxon Mobil (XOM) was up $2.33.  All of my stocks and mutual funds reported fairly big gains, with the sole exception of Berkshire Hathaway (BRK.B), which was down $12.50 (-0.34%).

This was probably my biggest single day gain since I started trading March 21.  I'm up 1.6% on the day, and I finally broke the 10% profit barrier!

My biggest money makers so far have been the Matthews China Fund (MCHFX), up 30.06% total, and ConocoPhillips, up 27.12%.   Annualized, that comes to 198.7% and 286.5%, respectively.  I have only 4 stocks in the red, Citadel Broadcasting (CDL, -24.43%), Sempra Energy (SRE, -5.18%), Walt Disney (DIS, -3.94%), and Berkshire Hathaway (-0.20%).
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