WATCH THE NASDAQ

I shouldn’t say this because it is only 1020 am but NASDAQ showing supportive action…even when DOW was down 200, felt no selling in the NASDAQ…so with DOW down 100, this could be some near-term good news. I always want to see the NASDAQ lead and this morning, it definitively is. As far as Bernanke, blah-blah-blah…but I like that he did nothing. Don’t blink. The big picture is still yuck.

To my friends in the Northeast:

Living in Florida for many years, I have been through many hurricanes. I was there for Andrew…and in the recent past, saw 3 come through central Florida within weeks. Please take this serious. They play no favorites and they are destructive. Hopefully, this one turns away from you.

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.