A few more news clips.....
biz.yahoo.com
U.S. broker stocks up ahead of results, Chase up
NEW YORK, June 21 (Reuters) - Shares of U.S. broker stocks on Monday ahead of second-quarter profit reports due this week, while shares of leading bank Chase Manhattan Corp. (NYSE:CMB - news) rose after a fund manager listed it among his favorite picks, Wall Street analysts said.
''The brokers are up in anticipation of strong results from the three companies that are reporting this week,'' Raphael Soifer, of Brown Brothers Harriman, said.
Morgan Stanley Dean Witter (NYSE:MWD - news), Lehman Brothers Holdings (NYSE:LEH - news) and newly-public Goldman Sachs Inc. (NYSE:GS - news) are expected to report solid second-quarter earnings.
Hmmm... "Buy the rumor....
I wonder if the May 24 "sell the banks and brokers" would look as a nice "set up" given the impending "disasters".... and "insider sells"
Don't think so ? well, just for kicks... take a look at the SHAT,
Remember the SHAT was meant to be a portfolio to SHORT....
This is an update on the SHAT:
techstocks.com
+ $64,612.77 (or + 6.44%)
Set up for a buy ?..... Remember 2 weeks ago this portfolio was in the hole at the tune of
- $34,855.67
Message 10086474
Not that it would be easy to "perfectly time" the entry point.... but the point is, are the "Alarmist Hens" worth listening to ?
Based on the record, so far, I would use them as "contrarian indicators" No question in my mind.
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More news:
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