THE OPEN
As expected, the markets opened lower with the NAZ imploding the most and the DJIA hanging in the best.
Strongest sectors include metals, drugs, and oils which have flipped to green. To the downside are semis, retail, tech, airlines, internets, small caps and trannies.
Market internals have improved a bit but show red 1,000 on each the NYSE and the NAZ.
GOOG is trading flat while GS and AAPL are both down about 1%.
I am starting to search for some stocks that look interesting for 2007- one that certaintly deserves some work is AMGN. It is down for 2006 and every one is scared about dems and lowered numbers. We will see.
One other thing, a best and worst financial journalist for 2006. I will give the worst first. See picture above.
posted by DAVID at
10:04 AM
3 Comments:
You got to love CNBC. When econ news is good for the market they want you to eat it up with a spoon, but when it's bad they'll spin it to point where the data can't be trusted or is flawed. Everyone of them, except Rick Santeli, should be dragged out & shot.
Yes most are shills for a bull mkt- After all more folks want to watch their equities go higher. When equities go lower folks generally turn it off- Unfortuneately no disclaimer from them- should be required
I was about to voiciferously contest your choice for worst, but then I noted you did mention "journalist". PieFace Mark can definitely be considered a "journalist" next to the Idiot Bimbo Liz Claman, the worst reader on their lousy channel!
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