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Dow Jones picks up earlier comments.

Posted By Barry Ritholtz On April 16, 2004 @ 3:57 pm In Media | Comments Disabled

dow_jones.bmp

This mornings comments, That Don’t Impress Me Much [1], got picked up by Dow Jones Market Talk:

So Much Good News…

“IBM has good first 1Q, reaffirming guidance and meeting all expectations…and then sells off. SanDisk (SNDK) met top-line expectations, was optimistic for 2H…and promptly lost 15% in value.

Maxim strategist Barry Ritholtz says this reveals that a robust economic recovery and improving end-user demand has been baked in. He believes many of the economy’s stimulants are heading the wrong way now. The dollar’s strengthening, interest rates are rising, new mortgages slowing, and taxes likely to rise. As for earnings, easy year/year comps are done after this quarter. So many people are now bullish, especially post-payrolls, that the buying might have already been done. Time to sit on your hands.”

04/16 12:59P (DJ) DJ MARKET TALK

Cool!

UPDATE: April 18, 2004 9:42am
The NY Daily News also picked the comments up: U.S. stock listlessness likely on tap [2], via CBS MarketWatch [3]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/04/dow-jones-picks-up-earlier-comments/

URLs in this post:

[1] That Don’t Impress Me Much: http://bigpicture.typepad.com/comments/2004/04/that_dont_impre.html

[2] U.S. stock listlessness likely on tap: http://www.nydailynews.com/business/marketwatch/story/184636p-160127c.html

[3] CBS MarketWatch: http://cbs.marketwatch.com/news/story.asp?guid={388BAC85-221A-4652-B19F-595C13F1DFFF}&siteid=mktw&dist=&archive=true

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