Wednesday, July 19, 2006

ANY GOOD NEWS THERE?

I am getting a bit of tired of listing all the bad news, and there's no sense to repeat them every day. Let's try some good news for a change.

  1. The earnings, while again mixed are encouraging with broad market, weakness in tech notwithstanding;
  2. What ever the CPI numbers and Bernanke says today, we know the Fed is close to DONE;
  3. The market is oversold in near term;
  4. Dip buyers are coming out from their hideout;
  5. There are sectors are doing reasonably well, healthcare, and big pharm;
  6. Sentiment is very negative overall;
Having said that, sustained rally is unlikely. There are simply too much negatives to overcome.

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