Other new investment opportunities

Assuming commoditiy growth continues...Mongolia is a good booming place just starting. However, hard to get into right now.

http://www.bloomberg.com/news/2011-07-21/mineral-rich-people-poor-mongolia-prepares-for-flood-of-money.html

New etf may be coming some time soon so keep an eye on this.

ISRG - maker of robotic surgical equipment, has done well for years. had looked at this years ago and forgot and its shot up super high now. Good option? hard to tell without more research but price history looks strong.

Wine?

Interesting story about wine maker TSRYY

http://www.bloomberg.com/news/2011-07-21/napa-valley-wine-never-cheaper-as-buyers-circle-foster-s-spinoff-real-m-a.html

Value play for acquisition purposes?

Debt problems

European sovereign debt and US sovereign debt problems are both coming to a head and what happens soon is going to really affect how the market will react.

My guess: greece will have to do rollover default, which will cause bond prices for all PIIGS to skyrocket.

In any case, massive uncertainty in the market right now, hence reason for massive up and down swings. So...just staying not so exposed to market for now and just waiting it out till there's some clearer direction.

Market Overbought Already?

Wow that was quick, is the market quickly becoming overbought again? Based on price vs 50 day moving average and standard deviation from mean:

http://www.bespokeinvest.com/thinkbig/2011/7/6/dow-30-trading-range-screen.html

Looks like not quite completely oversold but definitely a bit more cautious than before. Just selling off a few options and hold the rest and see where we go from here.