Thursday, November 11, 2010
So CSCO gets cautious and the bears proclaim Armageddon!!
Has anyone really traded that name the last few years? Besides like once?
And now, CSCO is the bellweather? That's going to presage the coming "double dip?"
For a stock no-one trades, or for that matter, no one cares about???
Give me a break!!
The bears had their party--and they'll use and extrapolate any bit of data, to assure us, that the world will soon go to hell.
It's just stupid.
Tell the bears to go to hell, because if they believe that, then that's where their portfolio is headed!!
They needed to buy today's sell-off--and not short it!!
Posted by Palmoni at 1:03 PM