SAN FRANCISCO — Yahoo said that its net income more than tripled in the third quarter but revenue fell 12 percent, a sign that many advertisers remain nervous about the pace of economic recovery.
And so the saga continues , and we'll just keep make believing that we are at the beginning of a new dawn, a greater day of blue skies and a revived economy based on a fairy tale.
Meanwhile Moses and his Wall Street disciple's have all loaded into the BONUS ARK and are sailing away with billions of ill begotten profits, we only wish from lending the American people back the money given to them OH NO, they are using most of it to buy back TREASURY BONDS to keep rates artificially low, gee that sounds like a fing grande idea.
I hope you watched some of the Bernanke videos, he is a bumbling stumbling stooge. He makes Shemp looks intelligent.
We are near the FIBS I listed, we are way overextended even if we were back to normal, and we are not.....what's wrong with a little correction?
One of my services has registered a short term sell signal, my work also does, but many I read still don't think a top is in.....hard to say just yet.....ifone was to sell any weak perfomrers....were there any?
IMHO easy money phase may have concluded...more stock picking expertise now will be needed.
D
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7 comments:
You are too nice, this thing is crashing.
Yes I am nice! Haaa . Every move gets corrected, so even if we averted disaster( did we?) this upmove should be no exception. As a side note, in Bear mkts always be on lookout for great co's on sale. At vix 80, a record, and then mkt to mkt rule chnge and divergences set stage for killer profits!
That said, the bargains are gone. All that's left is mono, and we know the recent action smells correction time . We have our fib targets 1122 & 11300 sniffs away.!!
EArnings beats an old game and it's way baked in. Oct prime bottoming and topping month. US $ is at or near a bottom in price and top in sentiment. Oil at $80 becoming issue. Wished for housing bottom not here. Banks hiding losses. If it wasn't as bad as it was at bottom, it sure as hell isn't as good as it looks either. They are selling to themselves! CAT earnings fall 53%! and stock ran from $30 to $60 piper gotta get paid & what recovery without consumer and contracting credit?
check this presentation out.
http://www.pbs.org/wgbh/pages/frontline/warning/view/
Stay strong.
See D, we already down today. You are so right. Why go long when you can short the crash. We going to make much money short and show who is right all along. Keep up the great work.
BUY BUY BUY, cash is trash just look at what Obummer did gave the whole cake to wall street! What an uncle tom, so either get long and get rich or move to china/india where the jobs are!
Dollar is gonna rally big. You need to listen to D. He tells us why here, just look at all the bullish dollar posts, you must be blind, and you go to my old home land. Us is best and us dollar best.
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