ES

ES went up to 1032 before the session close, but it dropped to 1126 after the market close based on INTC and YHOO earning announcements. Both INTC and YHOO dropped more than 3% AH. Buy The Rumors and Sell the News!

I got my 2004 Prius

Finally I drove a brand new 2004 Prius home last night. I placed an order in Nov and was told to wait for at least three months. Someone who ordered one had to leave the country, so my salesman called me about the car. It’s not exactly the package I ordered, but it’s close enough. It’s very interesting to drive a hybrid car. You can watch the fuel efficiency on the LCD screen. I have to tell you that I’m already trying to adjust my driving habits to increase the efficiency. Basically, you have to avoid sudden acceralation in lower speed around 30 mph to have the electric motor do the work (so called stealth mode).

The car is great, but I hated the sales manager in the dealership (Sterlling McCall Toyota on Highway 59). He insisted on having body sealant ($495) option on the car, which I refused first, but he told me that he would sell the car to the next person on the waiting list if I didn’t want the option. He told me that the treament was done already. So I took it, but I felt that the experience was bad, and I would not buy another car from their dealership anymore. I was willing to pay the sticker price for the car, definitely not for the stupid car body protection, which is useless in Houston’s climate anyway. They actually had body sealant treatment done next day after I signed the paper work. Car salesmen are all crooks to me, at least from my experience.

eBay

I tried first time to buy some photo items from eBay. I have a Minolta 7xi. I like to add Child and Travel cards so my wife can use the camera without any additional adjustment on the camera. Most of time, we just use it as point and shoot. With Child and Travel cards, it would be easier to just point and shoot and get nice pictures during traveling or playing with kids.

It’s amazing to see the price to buy the same camera has dropped a lot. I paid about $600 for the body in 1993. You can get the same one with $150 now, though it would be probably used one.

The top of line on Minolta now is Minolta Dimage 7Hi 5.2MP costing about $1,000. Nikon has Nikon D100 . Nikon D1X is the professional D-SLR. And Canon has a whopping 11 MP Canon EOS-1Ds. Wow!

Maybe it’s time to buy a digital. If cost factor is put aside, I would go for Nikon D100 for sure.

Here’re the snapshots. Both Canon and Nikon carry on the traditional body desgin, but Minolta chooses a desgin similar to Olympus.



How to short Bond market

If you think the bond market is close to its top, you might consider shorting it. How? Here’s one way to short bond – buy this Rydex Juno fund (RYJUX) (annual expense ratio 1.4%). The downside risk is that the interest rate may go even lower or stay low for a while. The upside is that the interest rate moves higher.