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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (1063)7/1/2002 4:34:32 PM
From: stockman_scott  Respond to of 89467
 
A classic cartoon for today...

csmonitor.com



To: Jim Willie CB who wrote (1063)7/1/2002 5:10:21 PM
From: crdesign  Read Replies (1) | Respond to of 89467
 
Interesting report on CNBC late today.

Some dude named McMillan researched the NYSE A/D line because he was curious where the stealth bull market was occuring. He removed redundant stocks such as company perffereds and stocks heavily influenced by interest rates.
He uncovered an A/D line that was the mirror image of the posted NYSE A/D line.

Meaning it showed a matching downtrend coinciding with the current market. In other words we are actually being shovel-fed BS by the NYSE with distorted information.

McMillan plans to refine this new discovery to present a more accurate line.

Now I know why I'm always scratching my head when I try to anal-ize the market internals.

What this country needs is a good-old-fashioned French revolution. Maybe if a guillotine were to be installed on the White House Lawn some of these Corporate boardrooms would cease to emit a peculiar odor resembling cow manure.

Tim (or am I?)