Todd Harrison: "Looking At a Bear Market Rally?"
Enviado: 31/1/2008 16:14"Answers I Really Wanna Know: Looking At a Bear Market Rally?"
Todd Harrison
Jan 31, 2008 9:45 am
"Given that the banks and homies led the lift, is that cause for pause in the Matador Camp?
Remember when we were staring straight into the abyss last week and offered Five Reasons for Optimism?
And noted that we needed to monitor the DNA of the second rally for leadership, volume, levels and tenor?
Given that the banks and homies—the most oversold sectors—led the lift, is that cause for pause in the Matador Camp?
Particularly since the banks rallied 26% in a week?
And the S&P retraced 50% of the decline from all-time highs?
Isn’t that what bear market rallies look like?
Or do we still have room in the context of lower highs?
Yes and yes?
Should I be surprised that kickboxing is harder when someone is fighting back?
By punting my upside rentals (banks, homies) into strength and scaling into consumer non-durables and pharma on weakness, did I sell my winners and hold the sinners or use price to my advantage?
I mean, what if the Huggies are soiled and drugs are abused?
And should I be worried that I’m not that worried about Schering Plough (SGP), Merck (MRK) and Elan (ELN) in here?
Why don’t cannibals eat clowns? (They taste funny.)
The S&P downgraded 6,389 U.S. subprime residential mortgage backed securities and 1,953 collateralized debt obligation ratings?
NOW?
Remember New Century Financial?
Are we having fun yet?
Has anyone seen Andrew Cuomo and Dean Martin in the same room at the same time?
Are you really that surprised that The Blame Game is kicking into full gear?
Do you hear all the negative chatter regarding the negative bank reserves currently making the rounds?
If reaction to news is more important than the news itself, what does the post-earnings reaction in Apple (AAPL), Yahoo (YHOO), Amazon (AMZN), Intel (INTC) and other tech bellwethers tell us?
JEEZUMS---the opening bell, already?
R.P."
(in www.minyanville.com)
Todd Harrison
Jan 31, 2008 9:45 am
"Given that the banks and homies led the lift, is that cause for pause in the Matador Camp?
Remember when we were staring straight into the abyss last week and offered Five Reasons for Optimism?
And noted that we needed to monitor the DNA of the second rally for leadership, volume, levels and tenor?
Given that the banks and homies—the most oversold sectors—led the lift, is that cause for pause in the Matador Camp?
Particularly since the banks rallied 26% in a week?
And the S&P retraced 50% of the decline from all-time highs?
Isn’t that what bear market rallies look like?
Or do we still have room in the context of lower highs?
Yes and yes?
Should I be surprised that kickboxing is harder when someone is fighting back?
By punting my upside rentals (banks, homies) into strength and scaling into consumer non-durables and pharma on weakness, did I sell my winners and hold the sinners or use price to my advantage?
I mean, what if the Huggies are soiled and drugs are abused?
And should I be worried that I’m not that worried about Schering Plough (SGP), Merck (MRK) and Elan (ELN) in here?
Why don’t cannibals eat clowns? (They taste funny.)
The S&P downgraded 6,389 U.S. subprime residential mortgage backed securities and 1,953 collateralized debt obligation ratings?
NOW?
Remember New Century Financial?
Are we having fun yet?
Has anyone seen Andrew Cuomo and Dean Martin in the same room at the same time?
Are you really that surprised that The Blame Game is kicking into full gear?
Do you hear all the negative chatter regarding the negative bank reserves currently making the rounds?
If reaction to news is more important than the news itself, what does the post-earnings reaction in Apple (AAPL), Yahoo (YHOO), Amazon (AMZN), Intel (INTC) and other tech bellwethers tell us?
JEEZUMS---the opening bell, already?
R.P."
(in www.minyanville.com)