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Non-Tech : Kirk's Market Thoughts
COHR 134.64+4.6%3:59 PM EST
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To: robert b furman who wrote (14708)10/26/2022 11:09:37 AM
From: Kirk ©1 Recommendation

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Sr K

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I watch for the "Shoot the Generals" event to mark the end of bear markets and we are there I think. It may take another week or two to get Apple lower but it seems people are selling these generals to buy other "value stocks" that are up for the year like UNH, JNJ, AMGN, TRV, CVX, XOM, MRK and even lowly IBM.

They took FB/Meta & Netflix to the woodshed months ago but now they are shooting the rest of FAANG on an up day for the market.

You can see some of the smaller red names and think of NVDA is the name of one of Cramer's dogs (down a HUGE 59%)

I think only Apple, down about 15% YTD, is the only one slightly ahead of the S&P 500 that is down about 19% YTD.

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