Tropical Storm Fay continues to dump prodigious amounts of rain on our area. Right now it is falling at a rate of one inch per hour. It does not appear at this point that we will have any flooding at our house. I have not been to the office since yesterday.
I have worked from home since yesterday. We lost power several times during the day yesterday. It is amazing how many things need electricity!
The storm is moving to the west and we expect that this will be largely over sometime this evening.
On a brighter note, the market is up today and most of our positions are doing well.
Oil jumped up yesterday to just under $120 per barrel.
This was a price number we identified almost one year ago as the upper limit of fair value.
Looking forward to some sunshine this weekend, we remain cautiously optimistic about the markets.
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