When BAD is GOOD!! (Doh!)

Read today's FSO by Martin Goldberg. Rather interesting point. ( here )

Although the Dow is hitting all time highs in nominal dollar terms, not all of the 30 Dow stocks are in bull markets. The bull market is largely being led by the financial stocks within the 30 Dow Stocks. Some key Dow stocks are in long term technical peril in spite of a rally in the index to all time highs. Some, such as Alcoa are also in short term technical peril.

I guess you could relate that issue to those here in our Bursa, right?

Anyway, there was an interesting link in his write-up.

http://www.financialsense.com/fsu/editorials/shepherd/05/0415.html

Going into August 2004 the market was down heavily in particularly the NASDAQ which was looking at a 10% loss. This is not good just before an election, Presidents are not re-elected when the markets are falling. Everything was looking very bearish it looked like the Iraq war rally had run out of steam at exactly the wrong time for the election. We wrote about this publicly in March 2004

how?

Look at Goldberg's comments on Today's market near the end of his write-up.

Tomorrow’s jobs number will have an impact upon the bond market. With regard to the market, a “good” number will probably be a bad number. Today a couple of Fed representatives chirped about inflation and the potential for higher interest rates

SEE HOW THE BAD NUMBER IS NEEDED as more fuel to this GREAT BULL RUN?