Good Day IKE: thanks for your timely analysis of the Oil situation; I've been thinking that this was about the last arrow in the Fed's quiver, to continue the drumbeat of inflation fear-mongering. The Saudi's and Kuwaitiis appear to be more balanced in their desire to make money and not kill the goose(bring Western countries to recession).
I was watching the market this past Thursday, and notice the Nasdaq, when down early about 100 points, recovered midday to neutral, then SSB put out a notice about 2:30 EDT, downgrading CPQ; this sent the market down again.
Today, we have a pre-opening announcement downgrading INTC, right before a split/EPS run. Do you have any idea what motivation SSB may have for these maneuvers, which are short-term deflating the Nasdaq. ORCL selloff seems very overdone as well, with CA/BMCS shortfall "guilt by association".
I've been doing some buying here for a trade on NDX/QQQ and others, at supports. What think you?
Regards,
James
P.S: will we now see other Houses supporting the big Techs with reiterations of buys on INTC/ORCL? |
