Wednesday, April 09, 2008

Gark K: Hit and Run Comments

Gary K talking about what to do if the market goes up. Below are very abbreviated comments from his show last night.

BAC down, AIG, C down.

Semiconductors: Index has held the lows. Came off the lows in the last week and got whacked today. Why? We are entering earnings season. Earnings will be the driving force behind the market. That is right now, I would not get in ahead of earnings. Be very, very careful.

We have a rally right now; tepid though it might be.

He's watching financials carefully. The market cannot continue up without them.

V breaking out of an IPO base
RIMM
MA still working
FSLR--don't buy it here, but see if it puts in a handle
PCLN
Oils
Steel
Fertilizer
Coal
Metal/Ores

I'm not sure that it is good that commodities are leading.


No comments: