Monday, October 30, 2006
Closing Comments
Because of the leg down in oil, I feel the major indices will enjoy another leg up. While CNBC, spearheaded by Bob Pisani, tries to talk the market down-- it is making new highs.
Considering the strength of earnings, coupled with high short interest ratio's, stocks can continue to go higher-- as everyone piles in ahead of the holiday shopping season.
Bottom line: If possible, try to avoid the earnings diceroll and catch this rising tide by buying established companies, such as ORCL, BBY, DOX etc.
As for me:
I have not been this bullish in years. Not much more to say, except Bob Pisani is a dumb fucker.
Considering the strength of earnings, coupled with high short interest ratio's, stocks can continue to go higher-- as everyone piles in ahead of the holiday shopping season.
Bottom line: If possible, try to avoid the earnings diceroll and catch this rising tide by buying established companies, such as ORCL, BBY, DOX etc.
As for me:
I have not been this bullish in years. Not much more to say, except Bob Pisani is a dumb fucker.
