Thursday, February 10, 2011

Pandemonium at CNBC

There was a CG on the screen that showed December sales were up at the same moment they were reporting that inventories are up.

The markets started lower, and has dropped past 0.50 percent today. Do I care? Not really, most of my stocks are not part of the DJIA, mine are mostly "microcap" stocks that have very little capitalization, that are brand-new fresh startups which are nothing like the old behemoths that have been taken over by second-generation silver-spooners with interest only in self-serving profits rather than filling the original need. Yet, TV Money programs keep repeating the conditions of the same old stocks.

At this moment, CNBC is featuring analysts who look at Satellite photos of Walmart and McDonalds parking lots, to make their financial decisions, but the data could just as easily mean that customers have enough money to go elsewhere, as it could mean that people are so desperately poor that they cut their spending at Walmart and McDonalds.

What is so appealing about these TV Money programs is that they convey such melodrama about the stock market that opportunities open up.

ALU (Alcatel-Lucent) is suddenly being featured, rising at the moment like a shooting star, and at a low low price, under $5.00 per share right at this moment. I'm going to keep an eye on it because I'll bet that traders this afternoon are going to start taking huge profits, forcing the stock down by the end of the day. Keep an eye on ALU.

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