THE OPEN
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;
NDX- 15 GREEN;
OEX - 20 GREEN;
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.
posted by DAVID at
9:59 AM
2 Comments:
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..
Y but like Roger says - if you believe what you say its the truth regardless of the facts - see Cramer-
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