I am having my usual toxic glass of dihydrogen monoxide.
For those unfamiliar, dihydrogen monoxide is a lethal toxin found in almost all foods and drinks. Very dangerous, very toxic and you are consuming it, daily, without choice because of industry and lax government control.
posted
I wouldn't initiate a buy or a short sale on ROXI. About the only thing you could do is hold a short position if you were already in one, but it's not a buy candidate now. It's showing mildly improving conditions and the MACD is bullish, but that's about it. Hope this helps.
quote:Originally posted by usmcir0nfist: anybody think ROXI is a good buy? They just upped there earnings for Quarter 4 by quite a bit and they do own napster...
ADVK didn't reach super hgih volume like I thought it would, at least not yet anyway.
ah well.
------------------ David C. Arena
[This message has been edited by Allstocks (edited March 15, 2004).]
Posts: 28 | From: Westlake, Oh, USA | Registered: Mar 2004
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posted
Recent market conditions are about as crazy as I have ever witnessed.
Here are some facts, courtesy of Dick Green over at Briefing Com,
***
Real GDP grew at a 6% annual rate in the second half of last year.
Real GDP will increase at over a 4% annual rate in the first quarter of this year.
The Fed Chairman says real GDP will rise at a 4 1/2% to 5% rate for all of 2004.
Business investment has picked up sharply, rising at an 11.4% rate over the past two quarters.
Consumer spending has been on a steady uptrend, rising 3.9% last year, and at no less than at a 2.5% rate a quarter.
Industrial Production has risen in each of the past seven months (with one flat month).
Operating earnings for the S&P 500 companies were up 21% in the third quarter.
Operating earnings for the S&P 500 companies were up 28% in the fourth quarter.
Operating earnings for the S&P 500 are likely to be up 20% in the first quarter.
Interest rates are at historically low levels.
The Housing Affordability Index is near all time highs.
***
Clearly our economy is bullish, all is looking pretty darn good. I would expect all markets to show a collective growth of five to eight percent for this year, minimum.
If anyone has an explanation for the markets crashing so hard, other than recent terrorist attacks, let me know! None of this makes any sense at all.
posted
Richard Band of CBS Market Watch, last Thursday and Friday, snipped down a bit,
--
"BUY WITH BOTH HANDS! We're facing what is likely to be the best buying opportunity of 2004...Today's horrible terrorist bombing in Madrid... has spooked investors worldwide. In my experience, incidents like this nearly always occur at, or very close to, significant market bottoms."
And followed up in his Friday Hotline:
"The market should establish a firm bottom in the area of yesterday's lows, maybe 1 percent-3 percent lower. Then we'll be off to the races again... Tonight, recognizing the bargains out there, we're raising the stock allocation in our model portfolio to 70 percent."
posted
PG try thinking about how far the markets have come in the last 12 months.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000
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Looking back, certainly. Very good improvement in markets over the year, and we are due for a correction. Darn though, many stocks have moved back to prices from one year back!
We were over-inflated going into February and needed a mild downward correction. This recent market performance, so hard for me to rationalize what is happening. We are now into an under-valued market and buyers are still absent from market.
Everything seems upside down and inside out.
I am remain optimistic and confident but my nails are chewed to the quick!
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