Boy are we GLAD that Bernanke GHOST has left the building............what a RELIEF !!!!
Markets did try to put a brave close.....by erasing 30 points from the DOW and lucky 13 were erased from nasdaq.
Decline lead advances averaging 2 to 1...........a decidedly DOWN & WEAK tape.
Bernanke did not say anything NEW......but it was greeted on wall street as NEW pronouncement..........whatever SPIN was working.....it WORKED..... because markets have gone UP in a straight line........so needed a BREATHER today.
GOOG stole the show in a down tape by closing @ alltime HIGH.
AAPL was also strong.........so much for Cramer ....sell sell sell....Cramerica magic is GONE !
Solar stocks came to life with 3 points gain for FSLR & SPWR,TSL $1 and my favourite STP 58 cents..............STP has promised me a much better performance for wed.....we shall see.
NVDA was the big winner today in my portfolio when it busted through a very strong resistance @ $35.50 area...closed @ $36.11.
Doug Kass is still putting a brave face to his one year old BEARISH position.....he is saying....things are looking UP for him finally..... after a painful 1 year.......he must be looking upside DOWN.
Hoping for a more normal day on wed......which we were so used to.
Please stay diversified.
BLOG does not give buy or sell.
Good luck on wed trades.
Saleem
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