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MARKET COMMENT May 6, 2008 Do not pay any attention to bad news.
David Fry (May 6th, 2008) Writes:
MARKET COMMENT May 6, 2008 Do not pay any attention to bad news. That’s the message today. Bulls ignored record oil prices and crummy news [a dividend cut and wider loss] from FNM. Instead they chose to believe that FNM’s position going forward was strong and they would “feast on” market chaos from new products and, of course, the worst conditions were behind them.
Tags for this Post:
Bad News, bulls, Current Market News, Dividend, Feast, Fnm, Market Chaos, Record Oil Prices, Wider Loss
Bad News, bulls, Current Market News, Dividend, Feast, Fnm, Market Chaos, Record Oil Prices, Wider Loss
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