Tuesday, May 01, 2007

Downside follow through




News of the day is Rupert Murdochs bid for dow jones. Blah. The PE train moves on and seems to be picking up speed. Money is everywhere.




Markets are mixed. The small caps have had decent follow through, but ar catching a bid the tick is hitting a thousand multiple times and its not going into the sp.
I guess two days is all the dip buyers can handle. Nevertheless, the most bullish faze of this rally is over. Housing is still a total joke.

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