The Week in Review -- November 12, 1999

The Markets

  11/5 Close 11/12 Close Change %Change
DJIA 10,704.48 10769.32 +64.84 +0.61
S&P 500 1,379.02 1,396.04 +17.02 +1.23
Nasdaq 3,102.18 3,221.15 +118.97 +3.84

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The Nondairy Diary
by Rick Aristotle Munarriz (TMF Edible)

Greetings, Fools.

Like a dairy-aversive shopper strolling past a Hickory Farms sample dish, you will walk away Cheezeless this week. Flick a barren toothpick and move one.

Dear Journal, Cheezelessness continues, now in its second and final week. Jerry is still out in Wisconsin. Greener pastures. Cleaner air. Less cop tipping. More cow tipping.

I envy Jerry. Yes, I know, we all do. But I applaud his ability to check up on his family while disconnecting himself from the daily market grind. I see too many people get obsessed with intraday stock gyrations. Uptick. Downtick. They attract more ticks than a honey-dipped poodle. They don't look you in the eye. They stare just below your collar hoping a ticker tape scrolls along.

It's not right, diary. The market is not caffeinated. It is not laced with nicotine. The passion for investing is addictive. The process should never be. It's all too basic to become compulsive. Consider Zeke Ashton's Owning What You Know Rule Maker column from Tuesday. Three easy steps. No patch required.

Another simple strategy was posed that same day by Todd Beaird's Foolish Portfolio Allocation Workshop piece. There was an interesting caption in Todd's piece. "Is your life driving your investments?" I like it. Don't fall asleep at the wheel, of course, but do take some time to enjoy the merits of being the designated driver: the blue highways, the red herrings, and those darn green pastures.

Jerry didn't miss much this week. Sure, Daily Trouble came to an end on Friday, but beyond the United Parcel Service (NYSE: UPS) stock market debut, things were pretty quiet. Yes, that's right, UPS went public. We took a look at the UPS IPO when it first began trading on Wednesday. I was half-thinking of buying in and asking for delivery of the shares. I don't think my broker would have gotten the joke. It wasn't a very good one. Again, I was only half-thinking!

Yes, sleepy market indeed. It wasn't like the week before, when Microsoft (Nasdaq: MSFT) received a doozy of an antitrust ruling. On Monday we provided excellent coverage of Microsoftpoly. Is Microsoft being chastised for being too good or does the company engage in unfair practices? Our community is divided and everyone is taking part in our lively message board debate.

Speaking of divided, Dueling Fools took a bite out of Apple Computer (Nasdaq: AAPL) this week. Bill Barker and Chris Rugaber have opposing views when it comes to the iMac daddy, and it's amazing what one can learn from taking in a civilized discussion.

With that, dear diary, I rest. The Wisconsin breeze is blowing to the Southwest and soon we'll all have more Cheeze than a cheddar shop smorgasbord. Have a great weekend, diary -- and everyone else who is peeking over my shoulder.

Fool on!

Edible

Since he's not around, why not ransack the Cheeze-O-Rama message board?

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