DJIA Positive @ Close 8/16/07

Yahoo Biz ^ | August 16, 2007 | Staff

[abb]

Believe this if you want, but I had pulled up the Schwab page 15 minutes before the close and almost pulled the trigger. But I didn’t. I think the lows will prolly be tested again soon.

[melancholy]

As close to a hammer as you can get.

Good news, however, it will take a week or so to confirm the bottom.

[Free Vulcan]

This has been a strange selloff. What you’d call the climax volume day happened quite awhile back. Then we retraced 50% with fairly decent accumulation, sold off again and eventually made a triple bottom, then just poked thru that on relatively low volume. It looked more like a lack of buying than selling.

[listenhillary]

I just don’t look at my 401K when the market is down. It’s not going to change anything checking the balance.

[Snardius]

People were buying even as the price was rising.

Is that like saying, "the market went up because there was more buying than selling."?

[abb]

Insana pontificating now on CNBC. He’s so full chit.

[abb]

full *of* chit.

[gridlock]

It’s like saying that people were willing to continue buying even at the higher price. Rising prices and rising volume at the end of the day indicated pent-up demand. Tomorrow should be a good day.

[melancholy]

Maybe he lost his a$$ in the financials’ short squeeze, especially if he shorted late. LOL

[Snardius]

I was just funnin’ you...:)

[abb]

Nah. He’s just another Drive-By Media type who works for NBC and is therefore anti-business and suffers from BDS.

[Snardius]

Maybe he lost his a$$ in the financials’ short squeeze, especially if he shorted late. LOL

Ron Insana = Thin skin stretched over large ego.

[BlabItGrabIt]

Yep! The Chairman MUST CUT rates tomarrow, if not sooner.

[w1andsodidwe]

Market’s reacting to Jenna Bush’s engagement.

My thoughts exactly. A poitive outlook for the future from the White House no less. Lol

[melancholy]

Doesn’t he have his “own firm” and still a CNBC contributor?

[Snardius]

The Chairman MUST CUT rates tomarrow, if not sooner.

He's already let the market do it for him.

[Non-Sequitur]

How come CNN’s business page is still showing the Dow down 300+ points?

Wishful thinking in their part?

[Snardius]

I think Insana is just another CNBC newsguy...

[ExSES]

We can call this the “Dead ‘Rat Bounce”..............

Courtesy of the PPT...

[melancholy]

Ron Insana = Thin skin stretched over large ego.

He's always jabbing Larry Kudlow, based on politics more than market fundamentals.