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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: westpacific who wrote (65588)7/8/2006 2:07:37 PM
From: shades  Read Replies (1) of 110194
 
Can you say DOW at 2000 points.

Phil says dow is too easily manipulated - too few stocks - that sp500 is best to watch for overall strength. Said 1260 wasn't broken - charts telling him to stay long - he expects a rally going into earnings next week where he will dump his last long positions and then short this market into oblivion unless the charts stay his hand. He agrees going forward earnings have had it. He says it is silly that the market goes up with less jobs created - less jobs - less folks buying stuff - earnings go down.
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