PRE MARKET/DOLLAR/BONDS/VALUE
Friday was the best 250 down day in the DOW we have seen,. BA and JNJ were the culprits but A/D not so bad…but growth continues to melt down.
A couple things we are watching.
The DOLLAR may be topped for now. If it is, expect COMMODITIES and MULTINATIONALS to do better.
BONDS may be topped for now. If they are, expect FINANCIALS to do better.
Also…VALUE remains the relative strength here. Growth croaked again last last week as value holds up well. Growth vs value has had its way for a long time. Things may have changed.
The big 4 remain a stone’s throw away from highs though internals not so much.
AND it remains earnings season. A zillion names this week.
The first couple shows I listened to of you I had thought you were another right wing hypocrite and I yelled at the radio like you would talk back. As I kept listening you called both left and right wing bozos and I agree. I didn’t vote for Obama in 08 but I knew I wasn’t Republican. That is when I realized I just yack and at times vote 3rd party when available