He represents the herd/cnbc view, which is always right until the market gets punished. People have been screaming at him, telling him how stupid he is but his calls have been right simply because making money in a bull market has nothing to do with how smart you are (smart people tend to be pessimistic, ie bearish bias, in my experience). Bad news? Like he said it doesn't matter, no-one cares, not yet anyway. When the sentiment changes it will be interesting to see what he does. *Not implying that you are stupid Stock. Just that it doesn't take much brains to buy the leaders in a bull market.*
AP Halliburton's 3Q Earnings Up 19 Percent Sunday October 21, 5:47 pm ET HAL beat the numbers at the top end.. This will play well for drillers...
More very bad news guys. http://www.nytimes.com/2007/10/22/business/22market.html "Mortgage Security Bondholders Facing a Cutoff of Interest Payments"
Shorts please try to contain your excitement Enjoy this reversal while it lasts we're not entering a bear market or correction
Wowza..my last trend following short from Friday at 16:02 that I held over just finally covered at 788.40 for 14.0 points on the Russell..sheesh that was fast. :eek:
You are missing BAD NEWS ON HOUSING without which the pots never cooks. Wait till Wednesday for this nasty sulfur addition.