I didn’t feel well today. In fact, our whole family caught a bug brought home by our son last Sunday. He was sick for a few days, but he’s been doing better since last Wednesday. On Thursday both my wife and I came down hard with the same illness–probably the stomach flu. I don’t know if it’s the same infamous flu related to the flu-shot shortage people have been panicking about. We ate some canned soup that didn’t sit well with us, and we wondered whether we had come down with food poisoning. It now appears to be a stomach flu because my mother-in-law is also experiencing the same symptoms, and she didn’t eat the soup. I had an awful night last night and left work a bit early today. Thank goodness I’m here in VA in training and not working full time in Korea.
I started doing some miscellaneous tasks this week to get ready for our move to Korea. Just 2 1/2 months away! I can’t believe how much there is to do. Moving to another city is one thing; moving overseas is a completely different dynamic. We set a date of February 11th. Our pack out will be on the 9th and 10th, so I put in 60 days’ notice at our apartment and requested a furnished apartment on the night of the 9th and 10th.
November’s U.S. jobs report came out today much lower than expected. The economy added 112,000 new jobs, much lower than expected by analysts, who forecast around 200,000 new jobs. Still, the overalll U.S. unemployment rate decreased from 5.5% to 5.4%. These mixed messages are a symptom of what’s really going on in the U.S. economy–the economy is doing fine but not outstanding. Don’t believe the economic doomsayers or those who always wear rose-colored glasses. For example, the dollar is now around 1 euro:$1:32, but the dollar is still up against 40 other basket currencies, making it harder for the U.S. to narrow the trade deficit by depreciating the currency. The economy is improving but not where it should be. Germany recently announced an unemployment figure of 11%, twice the U.S. figure. Imagine if the U.S. jobless rate doubled.
The markets took it in stride buoyed by rosy forecasts from Intel, and stocks were up slightly to end the week. I’ve been chasing a couple of good prospects but I just missed purchasing them on some downward trends. I bought Blue Nile and Overstock.com, two Internet retailers, this week. Why these two? Blue Nile is niche, profitable, recently came down from the IPO stratosphere, and it has an average buy rating. Overstock.com is a small Amazon.com competitor with a much lower P/E ratio, a strong buy consensus, and is on the cusp of profitability. I’ve also had my eye on a couple of other tech outfits–InfoSpace and an upstart called eBay, but the price just isn’t right. eBay is very pricey. I think eBay is a must-have for any portfolio, but the run-up in the last couple of months has made it less attractive. InfoSpace is a strong buy. Its current price is around $47 with an analyst consensus price target of $63 and a strong buy average rating it appears to be a good buy. I had a chunk of change to invest, and I thought about letting it ride on a single stock but ended up splitting it into four portions to invest in four promising tech stocks. If you’re interested in investing, check out The Motley Fool for some good recommendations. I didn’t take their advice on my purchase of Google at IPO or DreamWorks Animation, but I do think they have some great recommendations.