Take Emotion Out Of The Equation
I know I have
said this before, but I thought it worth saying one more time: The Fed has cut rates aggressively five times, and
all major indices are still down from the first rate cut. I keep hearing that
things have to get better by the second half of the year. Isn’t the second half
starting in a couple of weeks? Just something to think about. I am thinking
about it because the markets are acting as good as Retief Goosen’s putt on the
18th yesterday.
There are a few pockets of strength…low beta and somewhat boring. But it will
do.
In the medicals:
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BAX |
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(
CVD |
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ELN |
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(
HCR |
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fine position. There is a pretty good representation in the Medicals.
I gather it has to do with the market going on defensive.
(
WM |
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six-month consolidation. S&Ls still acting
well.
(
HB |
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expanded volume in the Funeral and Casket group.
That’s exciting.
(
CMX |
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medical stock setting up. I would love a break above $17.
Lastly,
(
NT |
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(
LU |
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JDSU |
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(
GLW |
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look ready for single digits also. Just remember what is happening, so it never
happens to you. It just amazes me that this type of carnage could happen in this
day and age. Learn to take emotion out of the equation and you will not have to
take part in anything like this.Â