Markets Now Negative for 2006

Saturday, January 21, 2006 | 05:41 AM

click for larger graphic


chart courtesy of WSJ


Was it Japan's Livedoor investigation and market disruption? Iran's nuclear ambition? Oil at $68? Avian flu?


I'll say this as plainly as I know how:  A wide cross section of blue chip companies shit the bed.

Major Misses on Revenue, Earnings or Guidance

This wasn't company specific, this wasn't sector driven, this is not a technical call. This is the Crème de la Crème of corporate America, acknowledging a slowdown in the economy. Period.

If there is another rational explanation, I'd sure like to hear it . . .



Saturday, January 21, 2006 | 05:41 AM | Permalink | Comments (4) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Barry, I read your blog religiously everyday, but I am a little bit confused recently. You said the market would go to 2600 first then plunge in second half of the year, however, with Corporate America already showed the signs of slowdown, like your analysis here, is it still possible for market to rocket up in the first place? are you re-considering your forecast at the moment?

I believe this is also what Rev and Cody are concerned too. You were bashing the market while holding long positions.

I am holding bearish view too, but with different journey. 2006 high could be already in.

Posted by: K | Jan 21, 2006 7:03:09 AM

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