Dave’s Daily
Posted on Wednesday, April 16th, 2008 | In Funds to Watch
SPIN DOCTORS IN THE LAB
Before leaving town the market had moved higher on some pretty flimsy “cherry-picked” news while ignoring some awful inflation news. Like I was saying yesterday, bulls will find a way to “spin” news to suit them. So they chose to ignore new highs in oil prices and headline PPI while focusing on the phony and laughable “core rate”. But, that’s the way things work sometimes. Headline inflation [running over 12% annualized] is just old news to them.
You might have experienced being a traveler trying to set-up your laptop in a hotel with their own wifi codes and passwords. It can be difficult but the degree of difficulty is compounded in a third world hotel. So I’m a little late in posting and this will be briefer than normal.
Volume remains light and breadth uninspiring.
It looks like we’re going to make a posting despite all the technical and travel issues. But, we will not be posting tomorrow and hope to do so Thursday depending on appointments.
These trading range environments on light volume can become monotonous. The key is to stay patient and disciplined.
Have a pleasant evening.
Disclaimer: We have no positions in any markets highlighted.
Last 5 posts by David Fry
- MARKET COMMENT October 22, 2009 DRIVE-THRU SOUP KITCHEN 2009 So, what the hell was yesterday about anyway? - October 22nd, 2009
- MARKET COMMENT October 20, 2009 TAKING A BREAK It was a pretty strange day. - October 20th, 2009
- MARKET COMMENT October 13, 2009 EARNINGS WORRY WARTS I just have a spooky feeling but then I always do. - October 13th, 2009
- MARKET COMMENT October 8, 2009 GETTING SOME ALTITUDE SICKNESS YET? - October 8th, 2009
- MARKET COMMENT October 2, 2009 REALITY BITES BULLS Economic reality is meeting bullish enthusiasm and the results are disappointing and upsetting. - October 2nd, 2009
 About David Fry (http://etfdigest.com)
Dave Fry has devoted over 35 years to the business of trading and portfolio management. His registration as an arbitrator with both the National Association of Securities Dealers (NASD) and the National Futures Association (NFA) attests to his extensive experience and spotless compliance record. Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and advice on ETF investing. Dave is a frequent commentator on ETFs and other issues important to individual investors, and his perspectives are featured in financial news sources such as the Wall Street Journal, MarketWatch, Investor’s Business Daily, Smart Money, Dow Jones Newswire, National Business Review, MSN Money, Yahoo! Finance, Bankrate.com, Emerging Markets Monitor, IndexUniverse.com, and ETF Investor. |
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