Obama goal: 'Putting the economy into overdrive' he said today in a speach. What was he waiting on the last 2 years? but NOW is the time to put economy in overdrive, not earlier....how about getting the bitch in 1st gear? What about ALL THAT RHETORIC about keeping jobs here in the US? do they ever remember their campaign promises?
Above charts show the diverging markets, the DOW is easiest to manipulate as it consists of only 30 stocks...thats it.
RUT are small caps, NDX is technology and along with Transports I showed earlier, recently they have reversed course, but DOW keep chugging along like all is good.
GE was the bullish "STAR" of the day, lets take a closer look:
The industrial giant said its year-over-year revenue rose 1% (this is growth??? really 1%??? how so the "earnings miracle with basically no revenue growth??) to $41.4 billion -- the first positive growth in nine quarters.
GE Capital, the company's finance division that was hard-hit during the financial crisis, continued to bounce back in the fourth quarter. Net income in the unit rose to $1.1 billion from $100 million a year earlier.
GE carries an ENORMOUS AMOUNT OF DEBT NEAR $500 BILLION......what has GE CAPITAL had to writedown on mortgage assets? does anyone know
I don't think correction has run its course, see you all MOnday which has been like a LOCK for gains, will that continue. SOme things do seem to repeat like rallys in December...
D
No comments:
Post a Comment