It is early but had to let you know they are pulling the SEMICONDUCTOR move again. INTC reports horrid numbers…but the group is already way way down. Combine it with the SOX at significant support…and you get a contramove up. If this gets legs, it will indeed help the NASDAQ as the NASDAQ has lagged…
Futures are down just a bit. INTC coughed one up but is only nominally down. I have seen the semis rally after a big drop when all the bad news is out. Something I am watching as the SOX tries to defend the 350 area which has been defended several times in the past year….
Within the next week or so, you will be receiving these emails from a central site. Also, a trade blotter will be up at the site. Strong day early…weak day early…strong day by close…but it is food,drugs,beverages,tobacco,reits, household products, telcom utilities, utilities that are leading the market. Growth names are simply sitting with some…
[email_link] No wonder after the two years of their unfettered power, we are screwed. (CNSNews.com) – House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two “most stimulative” t things you can do for the economy. During a pen and pad briefing with reporters on Capitol Hill, Hoyer was…
[email_link] Sen. Chuck Schumer, D-N.Y., exhorted Federal Reserve Chairman Ben Bernanke to stimulate the economy before November through some form of quantitative easing or other monetary policy, which Bernanke said could create jobs. Continued SOURCE: http://washingtonexaminer.com
[email_link] In what may be the best report ever on stock buybacks, accounting and tax analyst David Zion had this sobering comment: After reviewing the $2.7 trillion in buybacks by the S&P 500 from 2004 through 2011, “it looks like most of the buybacks by the S&P 500 over the past eight years have not yet added…
[email_link] …they keep being elected to run these states into the ground. In many cases, they lied about the pensions, the gains on the pensions, how much the pensions were and who was getting the pensions. WASHINGTON — The fiscal crisis for states will persist long after the economy rebounds as states confront financial problems…
Sorry about last night…had rolling blackouts. As soon as market closed down almost 50 yesterday, dow futures went up 50. Go figure. Einstein cant figure that crap out. Not much from yesterday…but there has been some movement in down and out areas. The good news for overall market is that the energy and…
Crappy open but market trying to come back as I write this. The SOX continues to be under pressure but going to really watch closely as it is in the area where it was defended way back last November and December as well as early June of this year. If the SOX puts…
Early movers: V and MA up nicely as their lawsuit pays out less than expected…and supposedly ends litigation against them by the retailers. Both up about 2-2.5%. C up on numbers about 3%. That’s JPM,WFC and now C reacting well to numbers. Futures are down but not by much. Retail sales number was…
