Markets were given one major surprise......No TARP money for autos...a pre-packaged bankruptcy????
Market HATES surprise...a well known practice...so DOWN we went to 8527.41 on the DOW...BUT we closed @ 8604.99.....
POT WARNED about EPS well below previous guidance for 2008..citing bleak world economy now @ $10.75 from $12...
IPI also warned cutting sales in half....for Q4
RIMM & ORCL were the bright spot in ER both slightly higher AH......
In my portfolio :
Sold Half of HQU...
Sold HSU...
Sold HFU...
Bought more HMU
Bought URE my cost $6.26....
My portfolio is HOU.TO,HMU.TO,HQU.TO & URE.....
Option expiry is on Friday......some of the selling was due to OE also......
To say the least...Today's tape was a big NEGATIVE.....
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteLooks like a poor opening today
POT was a disappointment I hope MON does OK
Since this is Friday we have options expiring
and a week before Christmas
Good News is oil is below $36 a barrel Who wee
who would have thought--this has got to put $$ in consumer pockets--who Rah!!!!
Hi Madmax,
ReplyDeleteAll AG stocks are suffering due to multiple warnings.....
Close could be stronger after OE is squared away....
Oil is hurting my crude ETF.....
Saleem
I am so sorry that your ETF is hurting
ReplyDeleteGS says $30 oil coming
I dunno you hear do much junk
I do see that the markets want to go up
I had expected a huge rally today Not
Perhaps OE is the hold back (culprit)--CNBC says we close red--yuk
Hi Madmax,
ReplyDeleteBottled water is more expensive than crude....cannot stay this low...we MAY have seen the low today in CRUDE.....
CNBC ..I have stopped watching whole day only from 5 to 7 PM...
I watch BNN.COM whole day where there is in-depth discussions based on knowledge NOT OPINIONS...
Saleem
SALEEM
ReplyDeletethank you for your pleasant reply
Good LUck
Market is up nice so far
Happy Days!!!