To All, I clicked my remote several times this morning to make certain it had actually tuned in CNBS. Here is what they said that made me think I might be somewhere else:
1. They finally figured out that ASPs came down in the box industry and that Dell could be in deep kimshee. Yes, it was a couple of analysts who told them, but at least they finally reported what we have known for months.
2. A guest mentioned that Intel was selling at a multiple far above its norm while the co. is going to, in his words, "have problems." True, way late, dude, but at least it isn't the usual bullish flapdoodle.
Admittedly, I overestimated the gray matter of the analysts, the bulls and the media when I expected they would catch on to the Xmas lies sometime before Xmas. <G> Mid-February, though awfully slow, will do just fine for my April puts. And to hear the truth for a change on All Day Bubblevision made me proud to be a couch potato.
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