Bill and all...a few thoughts:
Just a few quick notes tonight...the rest will be out tomorrow evening...
Well, the Dow finally made it 9000....and believe it or not, many indicators
are still pointing higher!
Interest rates came down, NYSE member buying was bullish which in itself is
bullish, the new lows on the NYSE and the Nasdaq contracted.
However, gold stocks are rallying and continued their breaking out to the
upside....volume has expanded quite a bit, espicially on the Nasdaq...and
1st quarter earnings are just around the corner. If they come in as
expected, then earnings will only grow at 1%...the ironic part is that if
they exceed expectations (say 2 or even 4%), a positibe spin may be put on
the "greater than expected gains" and fuel more upside....and what is
happening in Japan may spell trouble everywhere else...(OK , parts of SE
Asia also).
Bottom line, the market can not absorb any bit of bad news right now. Given
that, the question one needs to ask themselves is "Is staying fully invested
worth the thrill of the coming blowoff and the agony of being caught in the
consequence?"
More on all these topics tomorrow.
Paulo
www3.edgenet.net
By the way...try out the following....but scroll down slowly....
Free will or synaptic wiring? You be the judge.
Check out the following exercise, guaranteed to freak you out.
There's no trick or surprise. Just follow these instructions,
and answer the questions one at a time and as quickly as you can!
Again, as quickly as you can but don't advance until you've done each
of them... really.
Now, arrow down (but not too fast, you might miss something).........
What is:
1+5
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2+4
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3+3
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4+2
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5+1
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Now repeat saying the number 6 to yourself as fast as you can for 15
seconds, then scroll down.
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QUICK!!! THINK OF A VEGETABLE! Then arrow down.
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Keep going.
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You're thinking of a carrot right?
If not, you're among the 2% of the population whose minds are warped
enough to think of something else. 98% of people will answer with
carrot when given this exercise.
Freaky, huh? |
