MG, Let's See!
SnP up 4.4% YTD. My research showed that historically only about 12% of mutual funds can beat that figure.
I made a big deal the other day that WLA had broken a 15 mo DTL. We'll, look again; it didn't hold. That's big time serious for that important sector.
Probably, the stock to watch tomorrow is SUNW. If it cannot rally on good earnings, then what chance do its competitors have (read: IBM).
Because of the 60-min Sto values on the Big Boyz, I really did expect a rally into option expiration. The fact to ponder is what happens if we don't! The SnP is already down 4% for the week. If the SnP closes below 1264, I believe it will be a shot heard round the world. The OEX equivalent is 664.
Then, J6P (really, the "professional" advisor) would have all weekend to think about it, while getting all those phone calls. If Monday also looks bleak, he/she (don't want to be a sexist) closes out their position, and BAMM, a Black Tuesday.
Just some food for thought of how important today is. Hopefully, the rally comes to reality.
Further, Just A View from the Swamp. Good Night Irene!
TB |
