What journalism on CNBC! I think Pissant is wearing one
of Maria's thongs...and we all know "two thongs" don't
make a right! (But three left turns do!)
I can't believe the cheerleading and bullish
spin I just heard on CNBC. Pissant pointed out,
foolishly, that "just 3 stocks account for 1/3rd
of the DJIA 260pt drop" implying that the audience
shouldn't worry. He failed to point out that such
imbalances always occurred on the way up. Moreover,
he didn't state the fact that only 4 of 30 stocks
were up contributing just 10 positive index points!
What balance! Look at this for balance:
NYSE AMEX NASDAQ B.Board
Advancing Issues 689 138 1,122 639
Declining Issues 2,382 402 2,828 992
Unchanged Issues 421 159 658 597
Total Issues 3492 699 4608 2228
Dec/Adv. 3.5 2.9 2.5 1.6
New Highs 13 5 45 32
New Lows 512 57 226 98
NL/NH 39.4 11.4 5.0 3.1
GO,Stocks, Go! Go,Stocks,Go! Buy 'em high,sell them never,
Go,Stock,go! |
