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INTC put joy INSIDE the bull

(2008-04-15 20:18:27) 下一個

The laugh of bull can be heard miles away, it seems like the holding pattern finally can be ended and we can resume our ascending from here.  GE’s news?  That sounds so last century.

 

It is so simple even a caveman can do it J, just take a look  of a couple of earnings and we can deduce the future path of the market.

 

But wait, what about other things that may come into play? Things like inflation (PPI)?  Housing (house start) and economy (beige book)? And what about IBM’s earning tomorrow?

   

Certainly, the market can take a breath that INTC came in with a slightly better view of the future, and maybe the market will gap higher at the opening of the tomorrow, but IMHO, it is too early to declare all is clear.

 

The mood swing is so typical in the earning season that both bull and bear can claim “I told you so”.   It is our view that the market will be in the trading range until the maybe after two weeks from now when the earning picture become much clear.

 

In any events, there are spots that seem immune to the turbulence. The agriculture (POT, CF, MON, MOS etc), and coal (FDG, BUCY, BTU) and steel (MTL, JOYG and SID etc).   Like any high fly stocks, it is not for fainted hearted, but that is where the strength is.  

 

The weak spot is still what ills the market, financials.  Until this sector get its act together, it is hard to imagine the bull market.

 

So, let’s see how market react tomorrow, the first 30 minutes probably will set the tone for the day.  Let’s see if tech can finally step up to be the leader as many are expecting.

 

We know for now that all the contractors in my group are letting go, not just the ones from my project.  I feel sorry for those who just joined our group only a few weeks ago, looks like their life will be disrupted.

 

Good luck

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