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Linkfest!
at 2006-03-22 12:07:06
How was your Saint Patrick's/Quadruple Witching Day? I don't know which was more distracting -- the huge market volume, or all the Drums and Bagpipe bands staging for the parade 10 floors below my office window! (It makes you appreciate silence). Well, it was another gorgeous, brisk weekend here in...
Bulls & Bulls
at 2006-03-22 12:07:06
There was quite a debate on Fox's Bulls Bears show Saturday. The gathered sunshine squad/'shroomers on the show had a huge debate as to whether the Dow was going to a gazillion or merely to a katrillion. They ultimately split the difference, agreeing we would hit a bazillion. (Hey,...
Earnings Expectations Slip Slightly
at 2006-03-22 12:07:06
Interesting discussion this morning on earnings expectations and subsequent market performance. It seems that after several years of raising estimates, analysts in the current quarter have been slicing and dicing expectations for the quarter: When this bull market was young, back in 2003, analysts started doing something unusual. Chastened by...
The Single Company Magazine Cover Indicator
at 2006-03-22 12:07:06
In the past, I have warned against relying on the magazine cover indicator for specific companies. There are some very specific caveats on this here. The reason for this is that, in my experience, the Cover Indicator is useful for determining when large social phenomena are reaching an emotional crescendo....
Nasdaq Volume Decreasing
at 2006-03-22 12:07:06
Barron's Michael Kahn points out that Weak Trading Volume is Troubling for Stocks: In the stock market, fuel is trading volume. Without volume, a price advance will soon slow down, if not stop and reverse. Momentum may keep trends going for a while, but sooner or later the market is...
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