Tippet:
Mark today down as one of those "special" days when a certain amount of light worked its way into the dark, dank recesses of the bears' lair.
1. Sir Alan does everything except hold up a sign in terms of telling the world that "YES, IT'S A BUBBLE, but my hands are tied,....if I burst the danged thing, there goes the global economy." He also said what I've been saying for months,....no room to cut rates now, due to the already massive pressure on the dollar. Two of his comments were darned near a quote. (g)
2. Cramer and lunatics Inc. plan to raise $75.0 million through an IPO. Wow. If that isn't the perfect icing on the bull market, I don't know what is. Personally, I think they'll get the dough as well. (g)
3. MU is a $90. target, even as the memory producers put the finishing touches on a doubling of Mbit production,....just in time to meet a shrivelled PC market. Perfect timing.
Still missing,... a bit of spilled dipper/e-trader blood. It will come soon enough. One nice day at a time. (g)
best, Earlie |
