Time to get back to work - nice break / hiatus from blog updates and postings.

The market heads towards the inevitable fiscal cliff - although it could be years before we do the lemming swan song so until then, there is likely loads of money to be made on the long side as stocks continue to defy logic and gravity by going up up and away.

Although plenty of short opportunities exist as well.  The goal is to take advantage of strong stocks surging upward and weak stocks drifting lower - minimizing overall portfolio risk while maximizing gains for the portfolio.

Here are your numbers from today's action on Wall Street:

Dow Jones

13,482.36

-32.75

(-0.24%)

S&P 500

1,445.75

+1.26

(0.09%)

 

Nasdaq

3,120.04

+6.51

(0.21%)

Speaking of great short opportunities, here is one that got some recent publicity (the bad kind) when Einhorn gave this stock the kiss of death by mentioning at an investment conference that he is short the stock, turns our that people don't really care whether they eat their tacos from CMG or Taco Bell and that CMG does not deserve the rich multiple.  So long Chipotle....