tag:blogger.com,1999:blog-35316766.post3429390677775517150..comments2023-11-03T09:17:54.879-04:00Comments on The Perplexed Investor: Daily Sector SortLeisa♠http://www.blogger.com/profile/10237875938400587600noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-35316766.post-39777552887725816922008-06-26T19:02:00.000-04:002008-06-26T19:02:00.000-04:00Another day with 1 sector positive (Golds). The a...Another day with 1 sector positive (Golds). <BR/><BR/>The action this month to me seems like the insiders were trying to create a bounce in the market but failed due to the ongoing problems.<BR/><BR/>There were not enough shorts in the market to create bounces like before - further there has been no catalyst - only negative news flow.<BR/><BR/>Hence Goldman's onslaught today to blast the market with downgrades and the urging of short selling on broken stocks like Citigroup.<BR/><BR/>The thing that concerns me is that tech is only now starting to roll over - and seasonals for tech are weak now.<BR/><BR/>With the large drop in many troubled companies - no doubt some kind of news is coming out about one or more of them (involvency, a merger, another rescue, or perhaps in some cases realizatin that nothing was wrong at all - simply a bear raid ahead of earnings to create a negative sentiment to expect the worst for those earnings)<BR/><BR/>Still an odd complacency/lack of interest in the market as a whole - both on the bear and bull side.<BR/><BR/>Notice how no one was interested in gold/gold stocks - and then wham!<BR/><BR/>niceAnonymousnoreply@blogger.com