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YESTERDAY  alot of vixs talk was posted...

 

someone posted that 10 yrs ago this level was normal

 

well surprize that was a bull mk reading

 

we are in the Kodiak Bear mk stage now and Hope is the

word of the day :lol:

 

If I hear beat the street one more time :angry:

7 Most Popular Hallmark Bullhorn Phrases of the 2003 Bear Market

 

1. "Beat by a Penny"

 

2. "Topping Views"

 

3. "Blew Past Expectations"

 

4. "Pro-Forma Earnings, Ex-Items, exceeded guestimates polled by Thomson First Call"

 

5. "Up Sequentially"

 

6. "Exceeded Guidance"

 

7. "Consensus Expectations"

Don't forget John Chambers' "Knock the cover off the ball"

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So this morning the Mutual Fund Network is discussing Merck's earnings miss, and that company now sees full year earnings at $2.95.

Faber points out that since 2000, Merck's earnings are flat at about $3.00 per share for each year.

 

Here's the good part.

Then in a disgusted voice, he says, "what kind of a multiple do you pay for that?!?".

 

Merck closed yesterday at a little more than 16 times earnings with a 3% dividend.

 

Funny, Mr. Faber I NEVER HEAR YOU ASK THAT QUESTION ABOUT ABOUT A NON DIVIDEND PAYING TECH STOCK TRADING AT 60 TIMES PRO FORMA EARNINGS.

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This was too good not to post........You cant make this up.....

 

09:19 ET Oil, Gold, Dollar Summary : Gold is following through on yesterday's run up as it trades up 4.80 near $385.55 this morning. The approaching holiday season for several cultures is cited for its strength as gold jewelry is considered the most popular gift

 

From Briefing...

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