Urbane Gorilla!

Mark Fisher: Analysis Doesn't Matter in This Market

At first I couldn't recognize who you were referring to. Then it clicked. You intended to say 'Barney', not 'Bernie Franks'.

As to the issue of market drops when a government official speaks, that activity has been commented on quite a lot in the last year. I cringe when Bernanke, Obama, Franks, or anyone comes out and begins to speak, and I am not normally surprised to see the market drop. Sometimes it seems to recover, but it sure didn't this last week.

My take on this activity is : When the economy is bad, it doesn't matter who comes out and speaks, or what they say, the market will drop. The lack of acceptable backtested results may just mean that this effect would only be noticed in a markedly depressed economy. Fisher's belief about market turns when the reaction is subdued after a speech sounds pretty reasonable to me. It bears watching.

Interesting article. Thanks!

jegan

Best Performing Stocks Since Election Day

If you don't break down the sectors into smaller sub-sectors, you miss some of the action. Under transportation, you'll see several airlines.. DAL, LUV, JBLU and AAI all come to mind... Not sure why... Who would want to own airline stocks in this economy..

jegan