By Todd Harrison Dec 06, 2004 11:37 am
The bad breadth is offsetting the minty brokers!
- Did anybody watch Mitch Albom's "Five People you Meet in Heaven" last night? Ever since I read "Tuesday's with Morrie," I felt a certain connection with his prose. I suppose it's serendipitous that the central character in last night's movie worked at Ruby Pier
- "The secret of making something work in your lives is, first of all, the deep desire to make it work; then the faith and belief that it can work; then to hold that clear definite vision in your consciousness and see it working out step by step, without one thought of doubt or disbelief." -- Eileen Caddy
- Pass the Herb!
- "The consensus "call" on Wall Street is that this rally will extend into the new year. Even if that is true, there should be some sort of pullback this week to set the stage for the perfunctory Santa Rally. Yet, memories are short on the Street of Dreams since most participants have totally forgotten that the majority of stocks peaked in November last year, leaving those buying in December, for the widely anticipated January rally, with egg on their faces. We remain concerned that a similar fate is in store for 2005, with waning earnings momentum, rising interest rates and a weak dollar." -Uber Minyan Jeff Saut of Raymond James.
- The only thing that makes the Raider loss digestable is that the donkeys lost as well.
- Crude, which bounced off the 200-day moving average on Friday, is up an additional 1.5% in Monday trading.
- A little bubbly for the new year.
- In the four major U.S. professional sports (baseball, basketball, football, and hockey), there are only seven teams whose nicknames do not end with an S. Basketball: The Miami Heat, The Utah Jazz, The Orlando Magic. Baseball: The Boston Red Sox, The Chicago White Sox. Hockey: The Colorado Avalanche, The Tampa Bay Lightning.
- I think it's time to head to the eye doctor.
- The new high set last week led further confirmation to the uptrend, but it also developed a deficiency: the first momentum divergence of this rally. Before making too much of this, let us provide some insight to divergences; they are terrible timing tools, but suggestive instead of improving or deteriorating conditions. Enough of them usually break the camel's back; too few of them often get trumpeted around to build upon and support the preconceived non-objective scenario of bulls or bears." Jeff DeGraaf of Lehman Brothers.
- Breadth is settlin' in 2:1 negative despite the traction in fixed income.
- Be careful for what you wish.
- Dude, what's the number for 9-1-1?
- Some grief from the Mises...
- Minyan Doug Kass of Realmoney.com has logged in with his vibes for '05. The savvy sage is predicting double digits losses for the S&P and Nazz in the first half of the year, major Al-Queda attacks in England involving the water supply, a blow-up in junk bonds, global recession due to stagflation (gold rips, dollar gets waxed), Bob Rubin taking the reins at Amer Int'l (AIG:NYSE), Marc Cuban buying America Online from Time Warner (TWX:NYSE) and the New York Jets winning the Super Bowl.
- Friedman's Billing.
- Why does Gold $430 ring loudly in my ears?
- Are you really that surprised?
- Chinese chicken salad.
- With the trading radar relatively light until week's end, psychology and technicals should rule the metric roost.
- It's a "La-zer."
- Uber-Minyan John Roque of Natexis Bleichroeder, who has used Citigroup (C:NYSE) and General Electric (GE:NYSE) as market bellwethers since 1990, is eyeing Chicago Merc (CME:NYSE), eBay (EBAY:NASD), the Philly housing index (HGX:NYSE), Target (TGT:NYSE) and Yahoo! (YHOO:NASD) as new market bellwethers.
- With teammates like this...
No positions in stocks mentioned.
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