Wednesday, August 23, 2006

Hot and lethargic? It's still August........

Stock market players don't have any great motivation to jump in. Traders are thinking they will have a chance to pick up shares in the traditionally weak month of September and don't seem to feel any need to commit capital. It is more of the same from this desk.

I am hearing the cocktail parties in the Hamptons are going well and things look quiet going into the Labor Day holiday. Nothing new there.

Todays piece on PIMCO and Bill Gross was an eye-opener. Gross not being able to handle the pressure of increasing volatility in his bond fund and going to his home and hiding out for 9 days was rather comical. A near billionaire heading into seclusion when things get rough? Not the type of behaviour out of someone handling way north of half a trillion dollars that seems right, nor logical.

Maybe he should take a real break. A full-time break.

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173