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Friday, September 29, 2006

Comments

Yaser Anwar

Michael,

You've hit the nail on the head. Be it CNBC or even FOX, all too focused on the Dow hitting new highs. Yes, I agree it's great pass milestones however they don't cover much of the bond market which keeps signalling the opposite of the equity market.

I don't know if you noticed but the 2-10 yr yield spread worked a bit further into inversion through the night at -8.5

Even short interest is climbing higher each day. I'm worried that as the 3rd Q earning season approaches a few earnings short fall and we will see the Dow tumble.

Ward

It is as though they've turned the Dow into Jon Benet Ramsey. The endless repetitive spew of irrelevant information. Maybe a tivo world will eventually make it stop.

Yaser Anwar

Ward,

TiVo CNBC? lol, I don't think anybody would want to watch CNBC the next day, all timely info, pretty much useless the next day. Not like it is very useful currently but a good way to gauge market sentiment.

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