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PrimoTenore
PrimoTenore vip
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PrimoTenore's Blog : Good News, Bad Market?

Date October 1, 2009    Comments Comments (2)    Rate this post Recommend This Post (97)   
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So home sales are up and consumer confidence is rising, yet we're down 100 points this morning. This can't all be Cisco, can it?
Tags : MARKET   CSCO  

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Author MackTheKnife     Date October 1, 2009 11:30 Abuse this post Report Abuse
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Howdy, PrimoTenore!

So home sales are up and consumer confidence is rising, yet we're down 100 points this morning. This can't all be Cisco, can it?

A couple of years ago, we adopted a new mantra here at the home office of the completely fictional Druids Investment Group (Can You DIG It?): "If the eurodollar catches a cold, then the Standard & Poor's 500 (SPX) will catch the flu" (http://tinyurl.com/ydxaega).

Good luck!

MackTheKnife
Author JoeCole     Date October 1, 2009 13:28 Abuse this post Report Abuse
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"This can't all be Cisco, can it?"

It's for the same reason that buy-side went into long term treasuries last week, even though the common wisdom says that would be the worst move going forward.
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