Markets are lower but strength to be found in GS BAC JPM AXP GE C COF GOOG - lots of cross currents.

Strongest sectors- metals and drugs while homies, energy, trannies and real estate lag.

NYSE- 1500 net losers;

NAZ- 1000 net losers;



VIX- higher by 5.5% at near 38.6;

TRIN- .32 with up volume slightly ahead of down volume despite the DJIA -90 and SPX -8.

Specific financials with nice looking charts this morning as GS MS BAC JPM all green and I suspect they will bring the rest of the market up before too long.

Looking to dip into IYF and MS - as GS leads the way-

ABJ with some comments on CNBC this morning saying how she called the market top in 2000- check this article out - as she tells us how great the US banks were and how it was a great time to buy solid tech stocks. CNBC lets her get away with the nonsense.


Anonymous Anonymous said...

I believe that her two favorite stocks at the time was Worldcom and Enron. I also think she recently liked BAC at about $14 just before it took the plunge. What a joker. Why is she on TV? Of course, the same thing can be said about krammer..

11:41 AM  
Blogger DAVID said...

Y but like Roger says - if you believe what you say its the truth regardless of the facts - see Cramer-

12:24 PM  

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