Bill, It wasn't as much what he said as how many times he said it. He basically talked about how 8 different Wall Street strategists called for a 10% correction a few weeks ago, and since the market is up 5% since then, they are officially wrong. He promised to remember all the names and remind us of what losers they are the next time they speak. He said it before the market even opened, because futures were up. Then, repeated it pretty much every half hour or so after that, or at least every time I was watching. He was very belligerent. I was surprised. They usually keep him on a shorter leash. I think something must have gone on behind the scenes that we are not aware of. It was too much, too often, for such a small move. He sounded more like a Broncos fan talking about The Super Bowl than any kind of reporter or even an editorial commentator.
Then Bob Fisanti (sp) piled on, again, several times, letting us know that the rally today had to convince everyone. Both fundamentalists and technicians had nothing to complain about. Of course, as a fundamentalist, I thought the lousy numbers from just about every co. that reported today, and especially from CompUSA, were plenty to complain about. And I thought consumer debt expanding 14% plus was troubling. But never fear, fundamentalists are convinced. <g>
MB
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