Sunday Market Reading

  • Posted by
  • on January 20th, 2008

Not much a lonely trend follower can say about stocks that has not been said already. Patience. We are a LONG way from a healthy market where you will here me talk about buying stocks at all-time highs. The few that are happening are just worth watching. The market trumps individual stock action right now.

Even Yahoo may be cutting 2,000 jobs . Not Citibank style job cuts but very telling of the state of advertising and the web. Lot’s of probing and dollars flowing, but we just are not there. This slowdown is surely coming at the wrong time.

James Cramer makes good on his 50k bet . Well done. I hear he likes The Giants over the Packers…the players have lower mortgages on the Giants.

An indicator I like to watch during meltdowns suggests a bottom looks closer than a top . Thats good I guess.

Counter with some REALLY bad news…The Bond Bubble KEEPS Growing .

Has Bernake frozen under pressure . Interesting though process for sure and possible.

Along the last line, Fred says don’t fight these economic problems with 2001 tactics . Agreed.

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