Friday, April 15, 2005

A Four Digit Dow Jones Again? What Are We? Living in the Present?


From this photo in Soho, you wouldn't know it, but as I said in the previous post, U-Michigan Consumer Sentiment would be well below estimates... it was, as were the industrial production numbers and the Empire Manufacturing survey... jobs were cut again... the Dow collapsed 200 points even as crude oil remained defensive in a pullback around 50, even with strong earnings from bellweathers GM and Citigroup. Big Blue I-Beam as we know it, posted shockingly lower earnings exposing the imminent slowdown in technology spending... I must trade so aggressively against the downside, I will hit ARCA and pay the fee just to guarantee I'm short... Posted by Hello

1 Comments:

At 12:34 PM, Blogger mcgibfried said...

slow downs it tech? what about the major push in blueray and hddvd right now? or the E3 conference coming up in a few weeks? think those will bolster the tech side?

 

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