Daily Speculations The Web Site of Victor Niederhoffer and Laurel Kenner

James Sogi Philosopher, Juris Doctor, surfer, trader, investor, musician, black belt, sailor, semi-centenarian. He lives on the mountain in Kona, Hawaii, with his family.   Write to us at: (address is not clickable)

1/03/2006
The Friendly Skies

On my way to the beach for a surfing/camp trip over New Years I had to drop off a package on the way at the airport and was astounded at the traffic jam of private jets lined up at the airport. In the DailySpec tradition, I counted 51 private jets lined up at the airport, surpassing the previous highest year 2003 count by seven. Of those, only three were the small private jets; the rest were 737s and shiny 16+ passenger models. If this is a leading indicator, then next year portends well. If it is a lagging indicator it shows why last year was good for business. I tend to go with the leading indicator theory based on 2003 results and knowing who some of these folks are.

Jim Sogi, May 2005

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