Thursday, February 26, 2009

Budget politics/posturing caused selling....

Markets are being bogged down by political grandstanding AGAIN......

Those who messed up this economy for a long time are claiming moral high ground by having an attitude of "JUST SAY NO"....

Markets were expecting a national consensus on dealing with "horrendous economic challenges"..BUT we have a consensus of "0" on the other side.....

Dell ER AH was a beat on EPS but a miss on sales....UP 14 cents AH near 52 wk low.....

SNDA beats on EPS & Sales but UP 39 cents AH.....NTES beat last night did not do anything for stock today....

Expecting markets to close green for Friday...as we are TRYING to build a base ...near lows

VIX @ 44.66....almost flat @ close.....

Only GOLD stocks seems to have buying conviction....

BLOG does NOT give buy or sell.

Saleem

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