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The Casting Call


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Tonight, we wait on the AMAT Yearnings.

 

As usual, all financial markets around the globe are all inter-connected.

 

To a giant circuit cable entangling the global markets, all tributaries which lead to one place.

 

The price action of AMAT.

 

No other stock is as important.

 

No major global market has a mind of its own. They all are led by the nose by the Semi Greyhounds, depending on whether or not the starter pistols are fired off or not.

 

Tonight, Advantest and Tokyo Electron are either going to be up 5% or down 7%, depending on AMAT Yearnings.

 

And we get to hear Amanda Drury's plastic face describe the action in the "tech-laden" Taiwan index and the Kospi and the STI and all the rest.

 

Tomorrow morning, ASML in Europe will either by dryhumped or cast off by 5% one way or another, depending on AMAT Yearnings.

 

And then, of course, Bloomberg will be talking non-stop about bookings, book to bill ratios, PC demand, and other assorted myriad datapoints which will either cheerlead the SOX Meltup or explain the sudden Crashout.

 

And all other global markets will follow suit, one way or another.

 

What kind of condition is AMAT in?

 

Is she going to get a "Sunny Jim Morgan" casting call 1999 style?

 

Or is she going to be "Splintered" and sent to rehab by some type of warning?

 

Who knows?

 

As usual, 9000 HedgeFunds are waiting anxiously.

 

AMAT's Casting Call

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lol

{Picture of Matador stabbing the Bull]

get out while you still can bulls get out while you still can :P

 

amf7o7.jpg

matador===="And after i've taken care of you Ferdinand I will achieve a modicum happinness by strangleing the last broker with your Bull's guts--

 

beardrech :ph34r: :ph34r: With apologies to Voltaire

 

ps will someone tell me how to repost a picture? Please

Now howinahell did dat happen???

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Close: The major averages finished near their worst levels in four weeks as discouraging guidance from Wal-Mart, spurred by historically high oil prices, overshadowed tame inflation data and the lowest bond yields seen since July, closing stocks lower across the board... Before the bell, retail stocks were in focus ahead of key earnings reports from Home Depot (HD 40.65 -0.96) and Wal-Mart (WMT 47.64 -1.46) - two of the last three Dow components to post quarterly results... Both blue chips beat anal cysts' Q2 expectations...

 

However, even though Home Depot also boosted FY05 EPS growth guidance to 14-17% (from 10-14%), a disappointing Q3 outlook from Wal-Mart, owed largely to record prices at the pump, weighed heavily on an already fragile sentiment struggling with oil prices near record levels and questions about inflation...

 

To that end, a higher-than-expected headline read on total CPI, which rose 0.5% - the most in three months and above an expected 0.4% increase - provided an additional sense of nervousness that seemed to eclipse the fact that, excluding volatile energy prices, core CPI rose just 0.1% for the third straight month, providing further validation that the recent slowdown in core inflation has not been an abnormality... But the damage initiated by Wal-Mart - the eighth most influential stock on the S&P 500 - was already done, as all ten economic sectors lost ground... Pacing the way lower again was Energy, as a second consecutive decline in crude oil prices ($66.08/bbl -$0.19) continued to spur consolidation in a sector that has turned in a better year-to-date performance (+31%) than all other nine sectors combined...

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