Tuesday, December 4, 2007

SETH TOBIAS

I didn't know Seth but I thought him a good guy from what I saw on his many appearances on Cable. Who knows what his personal life was like, that's a subject for God. I don't know how he passed, but people are slamming him and that's a shame. As a physician there is really no reason for anyone to die at such a young age if drugs and alcohol are not involved. Unless, he had a congenital heart problem, severe atherosclerosis of his Coronary vessels or a dissecting Aorta to name a few things to cause sudden death.

To me, the guy made a lot of money and partied hard screwed up or worse he was whacked. In any case as a person who has lived through lifes ups and downs and somehow survived I sorry he is gone, even if i never knew him personally.

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About Me: Disclaimer

$BPCOMP

$BPCOMP
Extremely Oversold

Regarding Chart: BPCOMQ

This is the lowest close seen in years, usually a sharp and violent rally follows these moves enhanced by short covering, this is no time to short and start making a shopping list.

Bear-ly Hangin" In dustrials

Bear-ly Hangin" In dustrials
Dow Graph: 11/20/07
The Dow looks like its fighting for its life here at the level. It's no surprise there was a vicious bounce off the trend line as shown in the chart. Unfortunately, the last time we had that five hundred point reversal day was caused by the Fed stepping in, there has to be a similar event that helps the market or there is more pain ahead. The Fed minutes said nothing the market really liked, we sold off hard and bounced back hard as we hit support. This was just a reflex rally we may have to get one more really painful selloff to get around 12500.