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techcharter

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techcharter

Re: None

Sunday, 07/20/2008 10:34:25 PM

Sunday, July 20, 2008 10:34:25 PM

Post# of 51808
Mixed Market Signals

As the bank and financial stocks rallied hard from the lows this week, the same could not be said for ABX-HE-AAA+06-1, the best performing ABX index of the last vintage. The equity market may have gotten ahead of itself, or has to reverse to get in line with what the mortgage indexise are doing.

And there is the NDX / tech sector which fell on Friday due to 2 of its pillars, MSFT and GOOG. These are to the markets what GM was in the 1950's and 1960's: What's good for GM is Good for the US.
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