Wednesday, July 26, 2006
Sayanora to the Transportation Average today which broke down. Say goodbye to the restaurants and the retailers. Money is rotating into the Dow and the S&P for now as they have held up relatively well so far. But as Joe Louis used to say about his opponents, "They can run but they can't hide" Eventually they will come for the big caps in the S&P 500 before the final rout is complete.
Posted by Steve at 11:08 PM
Monday, July 24, 2006
Adavanced Micro Devices (AMD) is one of the most hated stocks in the universe. Down over 60% from its high in March of above $42, it now sits at around $17 on huge volume. Many think AMD is over paying for ATYT, a Canadian based computer graphics chip company. Others think Intel is going to crush AMD in a price war to win back market share. I'm going to be the contrarian here and tell you that that the downside is limited, and its time to buy.
Posted by Steve at 11:59 PM