11/14/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
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