Today is my daughter's birthday. She and my lovely bride spent most of the day hangin' out and doing a Mother Daughter Spa day. Jack had a late day today which I am sure he appreciated. I was doing office stuff most of the day and watched the market turn in a sad bit of a day, though I welcome the breather so some stocks can cool off.

We are going out tonight with the family and the game plan is to get some sushi, sashimi, and karaoke. I will not be posting later tonight, so you get a quick early one.

Here is the day summary we sent out right after the close.

Talk to you tomorrow.

Boys And Girls;

We had some discouraging news out of China and two weaker than expected housing reports, setting us up for a down day on the market. That said, it could have been a lot worse. The announced slow down in China brought down most commodities but especially oil. The Ten Year Treasury yield at the close was 2.36%, so it is still heading up a bit indicating people looking for better returns. As a result, Gold continues to slide to 1,648 down from 1,663 yesterday.

Let's look at our core holdings:

MSFT

In line with the market. No critical news.

XOM

Traded up a bit despite the small dip in oil. No apparent reason.

CELG

Traded flat on the day which makes it better than the market.

UNFI

Up despite the overall market. No critical news.

MGRC

Up during the open hours of the market but flat on the entire day.

AAPL

Up a full point during the day.

GWW

Flat in the day. No news to report.

Now I have been working on updating the Buffet Valuation Spreadsheet for all the 2011 financials. I hope to have it done by Friday. If you would like me to kick the tires on ANY of your picks, just send me the list. As a reminder this is a 10 prognostication of what the share value would be using the key components of Graham/Dodd's The Intelligent Investor. They are very basics of how Mr. Buffet Made his Billions.

Salve Lucrum