AMD strictly moderated (AMD)

[mmoy]

Priced In = Wishful Thinking

Was it priced in at $19.50? $19.49? $19.25? $27.00?

Long-term interest rates flirted with 5% yesterday and it was
a really, really good time to take profits. I went to cash in
the morning and only purchased a little CEF later in the day.

There are evening-starrish patterns, bearish engulfings and
chart breakdowns all over the place. The only thing that's
suspect is that the declines were on relatively low volume.

That may have something to do with the Holy Days coming up next
week.

At any rate, we are looking at higher interest rates going
forward, a deflating of the housing bubble (it contributed about
$2 billion in consumer spending in the last couple of years)
or a popping and a few other problems that anyone that
reads the news is familiar with.

There are some macro liquidity issues regarding Foreign
Central Banks that are a bit disconcerting too. But that's
a work in progress.