Futures have shrugged off all the doom & gloom which was being proffessed by TV pundits yesterday.
Some commentators have trouble recognizing bull market...when it is staring right in their face....but traders still pay attention to these non-genius.
This is a very strong bull market...which is predicting a stable to strong economy going into 08.
Housing 1% negative impact is already discounted and it is in the GDP numbers.
TXN,IBM,HPQ& NVDA are all pointing to better PC & Chips environment going forward.
Strong stocks are already UP in pre-market NVDA,FSLR,SNDK,ICE,VLO,RIMM.
Gold is UP.
Oil is UP.
Stocks should do well today......and some nerves will be CALMED.
Condolence to fast money guys who were all LOADED with PUTS ...especially Eric Bolling.
Have a diversified portfolio.
BLOG does not give buy or sell.
Saleem
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