John Gaats

Dow Continues To Outperform the S&P 500, Almost All Sectors Oversold

The joke around here is that the trading floors have been taken over by aliens. They need time to figure out which ones are related to subprime/credit crunch. For now, all they know is to sell because they need cash for the summer vacation.

Market Outlook Continues to Be Bullish

The bullishness has not been shown much in terms of the equity market. Then who said the market was a good measure of the economy. The way I see from the market index, investors seem to have some shame to hide. Then of course it is the market's way to hide things. In short, bullish is not something tangible when you bid and ask.

Under-Invested Money Should Stem This Selloff

There are 1.2 trillion sitting in China. They plan to invest a big chunk of it. 3 Billion of that chunk is Blackstone.