Okay, let’s review the Bull’s Sheet (say that 3 times
At 11,000, we were told to “Just Buy Something.”
Then Dupont and Alcoa missed, as they were unable to pass
along price increases – but we were told it was specific to just them
Then Yahoo, Intel, Apple and eBay made bad noises. But don’t
y’all worry, its due to reg FD –- management cannot give excessively bullish
guidance (they way they used to lie to us). Not to worry, the “Pain of Lowering
Bar in Tech Will Pay Off.”
Then GE and Citibank missed.
How many companies have to miss earnings, revenues or lower
guidance before any acknowledges this for what it is?
Incidentally, I expect that the market has one last rally
left in it. Some apologist will rationalize the end of this cyclical Bull
market by declaring the Fed is now done, or perhaps a truce in the Middle East
between Iran and Israel will be
he excuse. Maybe Oil comes in.
Regardless, you know my views – the cycle is over, the
economy is slowing, the consumer is all but spent, Real Estate is last years
It’s still too early to cue the fat lady, but I can see her
backstage, sipping on a nice cup of tea with lemon and honey.
~ ~ ~
UPDATE: January 21, 2006 6:00am
How funny is this sketch from Bend the Rail ?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.