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Tuesday, July 18, 2006

Small Buys

24_2I'm doing a little buying this morning amid the gloom and doom. I'm seeing a few setups that look o.k. with relatively tight stops in case I'm wrong.

The bottom calling cries I heard last week seem to be silenced, at least for the time being. The sentiment surveys are showing a quick return to the June pessimism that set up the last rebound along with oversold conditions.

With Bernanke under severe pressure to make everyone like him this week, do you think he's going to stay the course no matter what? Does he have any choice? I'll leave it to you to ponder...

Posted by Kirk at 12:35 PM in Analysis | Bookmark | Feeds | Link |


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