Thursday, June 02, 2005

"OIL SLICK"

CLIFF DROKE COMMENTARY This guy has earned my respect, been right on more than ONCE.

The IDIOCY of the market action tells me maybe we are seing a top in greed. Pullback from GOOG after topping $290 !!

BONDS at 3.89% !!! NEAR FLAT yield curve, bonds saying WHOOPIE look at economy.

Internuts being chased. OIL above $54 again! CONSTATNT BROKER UPGRADES AFTER stocks have already run some 40% in price. (Like INTC FROM $20 to near $28)

VIX back to 12 area. Market OVERBOUGHT. Market was selling off than miracle last half hour occurs again. check action of NTES yesterday! CHinese internuts red hot.

DIscord in Europe over Union. LOWER CONTINUE to fuel HOUSING BUBBLE (not in ALL areas). AAPLAUSE that FED now may have to HALT rate increases? SHOOT! their rate increase only led to lower long term rates anyway!!!

Horse out of barn, cat out of bag, Emperor has no clothes.

D

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