Warning BKX making new Lows

thanks for the heads-up. BKX has been a forerunner and pretty much tells us that, even with all the frantic liquidity injections, the blood leakage is still severe. "moderators" at CNBC and other channels have been outright recommending (something they are NOT supposed or licensed to do) the financials and one wonders when their consciouses wil lcatch up with them. you have been VERY good on this market, in your quiet, thoughtful and well reasoned way. thanks for your efforts and posts. it is sad to see some of the relentless bulls going from denial to anger, but i suppose that is the way of things.

thanks for the heads-up. BKX has been a forerunner and pretty much tells us that, even with all the frantic liquidity injections, the blood leakage is still severe. "moderators" at CNBC and other channels have been outright recommending (something they are NOT supposed or licensed to do) the financials and one wonders when their consciences will catch up with them.

you have been VERY good on this market, in your quiet, thoughtful and well reasoned way. thanks for your efforts and posts. it is sad to see some of the relentless bulls going from denial to anger, but i suppose that is the way of things.

sorry about the double; i was trying to edit and correct; dunno what happened.

Edited by humble1, 09 January 2008 - 10:47 AM.

Thank you for the kind words. I am posting to what I see and we all have our views. That's what makes the board work. You are correct, we should not take anything personally but with a view to keep mind open to learning. As for CNBC, I know lot of people don't watch it because it affect their thinking. For me, I only watch it during my afternoon workout and learn lot from it. They tell you what not to get into by telling you what to buy. They have been interviewing guests on the NYSE floor and asking them if they are buyers of financials and most every one of them have been. This has been their mantra for over a month now. Best of profits to you.

Been watching the Banks since they broke 100 into as many pieces. ok, that said, just watch it rally on me.

sky: exactly ! they choose people to interview that they already know will push (having read from brokerage reports and pre-interviews) the financials. that is in addition to them (mariab and kudlow and others) outright saying to buy them and from much higher.

I never watch them. Not even for the reverse psychology angle. No need to chance any of it messing with my head. Anyway, Soap Operas are so much more informative. Seriously, like A-Ah, I prefer music in the operating room.

Edited by milbank, 09 January 2008 - 11:10 AM.

I never watch them. Not even for the reverse psychology angle. No need to chance any of it messing with my head.
Anyway, Soap Operas are so much more informative.

Seriously, like A-Ah, I prefer music in the operating room.

I like music as well. But, my problem is slow music does not allow me to pull the trigger and some of the rock music gets me too cocky