Mr. David,
Today you had a guest on talking about Asset Allocation. A caller was asking about Northwest Air (worried about the stock in light of the strike). You made a comment about GM holding up during their strike. Strangely, while it's true the alchemists of Wall Street were able to hold up GM's stock price during the strike, it's fallen ever since the strike was settled after being touted (on your program) as a great turnaround play when the strike settled. Well, the stock went from the 70's to the 50's. Also, you today mentioned stock buybacks. For your information, they are ONLY STOCK BUYBACK ANNOUNCEMENTS! You said Boeing was in there buying 15% of their shares back. They only announced PLANS of buying back that many shares. Most buybacks never get completed and are only ANNOUNCED to try to change negative sentiment(mostly a deserved one) about their company's stock. Got to save the value of their stock options. Another observation is the inconsistency of CNBC showing New Highs verses New Lows for the day. As you may know, it's been absolutely atrocious for a long time now. The breadth has actually been positive the last few days, but certainly not what is consistent with what it was during the bull market. How about showing some comparisons to the past? Or is that too BEARISH for your program? The Nazdaq is down over 20%, so it's in a bear NOW. The Dow will confirm the same by Friday when it closes below 7500. Unless Abby Cohen comes out AGAIN screaming about how undervalued our market is. She is so blatantly desperate about getting the Goldman Sucks IPO off the ground, it's not even funny. Please keep her off your show. Ultimately they won't be able to pull off the IPO. No tears shed by me, not even for the lemmings you all are leading off a cliff they don't even see. Hell, maybe none of you see what's really coming. Bummer. |
