So with what looks like a slow, struggling recovery, I may be wrong about the stock market's resilience. It wouldn't be the first time. To be honest, fancying myself a technical trader, I've never been very good at the buy-and-hold game. Accumulators probably had a ball with this dip. I took it as an oppotunity to accumulate high dividend stocks. I am no baller in this arena, and I will not play the rebound on a court I don't know. I'll remain cautious, and more importantly, I will not regret gains I might miss out on. That's my style, I'm stickin' to it.
After Nintendo's amazing financial statement came out, Sony follows up with equal aplomb… in the form of pompous bullshit. It's shocking that Sony CFO Kobuyuki Oneda said:
"Actually, because the number of units [of PS3] sold was not as high as we hoped, the loss was better than our original expectation,"
Ignoring the massive costs of R&D, support, and over-manufacturing, let's just think about the sheer illogicity of this spin. If I were the worlds ugliest hooker and had my legs spread on the street next to a bedpan with "five bucks a fuck" scratched into the rim, I'm less of a slut than the rest since no one would be taking me up on the offer.
Meanwhile, I am trying very hard to find an Xbox 360 to buy, probably an elite. I've already pre-ordered Bioshock, and I'm just waiting to see if the system price drops on August 12th. This coming gaming season is going to be unmissable, and the raving reviews of the 300 HD-DVD makes my wallet suicidal.