I honestly don't know where I am, with this..
Quick sentiment by blog search:
brazil stock etf damage
peter schiff forbes hit piece
11 sigma event
I do expect 120 here in oil.... I expect it to hold that level... for a few days..
We could have a Positive morning, and an afternoon sell off if oil stays at 130
Maybe neutral.
I also expect equities to be higher by the 31 st.
After last week, I feel like I'm going to play some "soft pitch" for a few days.
I do expect that the cyclical trend in energy is over. and am not looking to play materials or energy till they test the secular levels.
Monday, July 21, 2008
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One random thought on the AAPL as tech meme. AAPL will be affected greatly by any bad news on Steve Jobs, unlike any other company I can think of, AAPL is very centrally affected by one person.
He has lost weight, has an islet cell tumor of the pancreas which is usually very treatable. Jobs, in his infinite wisdom, delayed traditional therapy for herbal medicine... so my guess is that his recent weight loss is a recurrence, unfortunately.
Bottom line, weakness in AAPL should not necessarily reflect negatively on tech. CSCO or IGM would be a better bellwether.
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