Hello Roger,
That Dell short is finally paying off, eh?
Just wanted to point out an informal survey of the various mass media yesterday and today:
CNN Headline News- Wall Street Experts say "stay the course". Individual on the street not worried, considers this a buying opportunity.
CNBC- Individual investors "not worried", Wall street experts say "bargains galore, buy Dell, AOL, GE, etc".
Local Newspaper- Individual investor sees only a "correction", will wait it out. Learned from 87' to buy now. Wall Street experts say "Don't panic, stay the course".
Nightly Business Report: Actually had a bearish advisor on, saying sell short on secondary peaks. Also had expert who gave standard bull line.
In summary; there is no fear yet in the streets. Contrarian conclusion is that we have much further to fall (technicals are supporting this).
Every rally attempt since the July peak has been sold like a cheap whore. With all the media pushing, I wonder if the secondary rally may finally start today- Hope so, need a good selling point.
Go Jackets,
TW |
