JUST LETTING YOU KNOW…
“…Reading Peter Schweizer’s new book ‘Throw Them All Out’….Our politicians wrote laws for themselves that they can trade on insider information. THEY PUT US INTO A 15 TRILLION DOLLAR DEFICIT AND THEY’RE LINING THE OWN POCKETS WITH ACTIVITY THAT IS ILLEGAL IN OUR WORLD, BUT NOT IN THEIRS…AND WE SIT THEIR LIKE A BUNCH OF PUPPETS…”
“….Light volume trading today, but there a couple things sticking out that you should know about…”
- The financials are still acting putrid…even though they’re off the lows. I don’t think we’re going to have a new bull market unless financials are really leading.
- Apple is the most over-owned stock in the market, by the retail market and the big mutual funds. Earnings and revenues are decelerating and they missed estimates for the first time that I can remember. Most importantly, it’s under distribution.
“…Even though we gapped up 250 points on Friday, I think there are still some issues that the market needs to work through in this area in order to go higher…”
6-7 pm EST
Best of Investor’s Edge