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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (52837)2/6/2006 2:26:55 PM
From: Little Joe  Read Replies (1) | Respond to of 110194
 
I think market is making a major top and divergence is typical at these junctures.

Little joe



To: russwinter who wrote (52837)2/6/2006 2:30:04 PM
From: UncleBigs  Respond to of 110194
 
Russ...the Russell 2000 is the place for hot speculative money. The underlying stocks have fairly low volume/liquidity and it is much easier for the hedgies to push these stocks around.

As long as speculation remains hot, I would expect the Russell to remain firm. It could pop at any time. I'm watching gold, Phelps Dodge, Google, Russell 2000, and the xbd very closely.



To: russwinter who wrote (52837)2/6/2006 3:29:14 PM
From: XBrit  Respond to of 110194
 
Well I'd assume INTC, YHOO, GOOG and a few others disappointing on earnings had a disproportionate effect on the Q's. Does seem like the divergence may signal a top in the broad market, though.