If we hold 7400 we go up to 8100 .. if we break that ,, we go to 6900 - 7200. Then we really had better buy gold and oil..
Brazil and Latin America,, CCI has biggest exposure there,,so does Chase ,,Deutche Bank etc,, huge Japanese bank interests as well..
Latin America will call moratorium on debt,,,like the Russians ,, at same time some US firms who relies on Latin American materials and labour will do well..
We have to be selective and look for sectors that will not be affected by these global melt down,, tonight's meeting with Rubin and Miyaza should give us some indication ,,
Chinese are tickled to death ,, Korea got a real shitty Moody rating today ,,
As I have stated,,,, internet ,, utilities,, telecomm,, pharmaceuticals,,
For nets you know my bias on CMGI,, regardless of market and sector weakness ,, I still think it is most cheapest and diversified company .. ATHM ,, come Oct ,,TCI and T wil launch ,, home cable net connection all over USA ,, and indeed globally soon ,, it is beginning of something new,, and huge ,, think about it , no more 56k ,,downloads,, rather 10 x the speed for your E-trade executions,, .. remember how happy we were at 9,6 kbs at 600 dollars ,,only 4 years ago? NO GLOBAL EFFECT ON NET BOTTOM LINE .. except market sentiment.
Oils,, I like FGII,,GLM and TMAR ,,possibly PTEN,,awesoeme PEs all of them and has been top of the rank on IBD for a long time ,, FGII,,because they are only deep sea service provider,, GLM because of their general popularity ,,TMAR anbd PTEN as a possible take over candidate ,, these stocks are for your 401 and kids college money ,,
Gold,, I am not sure how long these will pop,, but ,, the fact it's coming off 52 week low,, as dollar weakens ,, and as an inflation hedge ,,gold always has been popular ,, during the times of uncertainty and chaos,, as I am sure many Russians wish that they had gold rather than Ruebles,, I doubt now Russia will dump gold now so carelessly ,,when this is last remaining bargaining asset for Russians,,
Pharmaceuticals,, people will need drugs ,, in fact now more than ever with this market.. let them sell PFE ,, I wil be buying soon ,, Morgan ,, states ,, subscription down ,,etc ,,, ask Hugh Hefner,, and ask Mex,,Viagra is wonderful ,, wait till UK ,,Germany ,, Italy and Japan starts buying Vagra,, when I went to Europe ,I took 30 tabs,, and gave one each to my old friends ,, they send me flowers,, bottles of wines,,one sent a subscription of Playboy,, ( I don't read it by the way ),, it works and will be more popular,, also look for small pharmaceuticals,when the time is right ,, IMNR ,,CYPH ,, I like undervalued stuff,,,
72 year old man with heart valve has no business taking Viagra !
Telecomm ,, we look for WCOM , T , regional Bells .. PWAV,,ATI .. QCOM .. we wait for it to come down ...
These are my thoughts ,, ,my only regret ,,had I 've known how sweeping this melt down would have been ,,I would have mortgaged the house ,, shorting the market.. only short I can be proud of is AMZN and INTC.. and CMGI at 82 ~!
I am stinking pissed off about that ,,
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