What Would Joseph P. Kennedy Sr. Do?

Navigating the coming collapse for big financial gains!!!

Sunday, August 07, 2005

Mania: Signs of a Top?

Mania: Signs of a Top?

1. When Wall Street's most widely followed momentum stock, Google, released earnings nobody knew or understood what the numbers represented. It took nearly twenty-four hours before some sort of understanding was established.

2. Financial station CNBC airs a daily program called Mad Money where the host, Jim Cramer, actively touts and pans different stocks-- actually moving the market on his "words".

3. When a company releases better than expected financial numbers, the stock does not then precede to trade toward a higher valuation; it gaps there in a matter of minutes.

4. Microsoft, the largest technology company in the world at nearly 300 billion dollars, spikes nearly 10% in three days on a cover story by Barrons, a weekend financial publication.

5. Energy price spikes have always preceeded economic contractions however when Crude Oil futures move higher by dollars per barrel, stock prices, in general, shrug it off. When Crude prices drop by thirty or sixty cents; speculators take it as a cue to move stock prices agrressively higher.

6. Baidu.com (BIDU), "The Chinese Google", IPOs and closes nearly 500% higher than the offering price; registering the best performing day for a intitial public offering since the 2000 equity market bubble.

7. On August 18th, 2005, PowerShares Capital Management LLC is set to debut the first microcap exchange traded fund (ETF).

2 Comments:

Blogger Unruly Pigeon said...

Hi, Dismal!

Don't you think that the true mania is located in the real estate sector, rather than stocks? The manic signs you point to are virtually nothing compared to the trading volume, margin debt, and other incidental statistics related to the true stock bubble in 2000.

--
Unruly Pigeon

7/8/05 9:38 AM  
Blogger charti said...

Commitment of NQ

7/8/05 7:09 PM  

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