- "Volatility Trade" Biggest Factor In Sell-Off?
- Volatility Key To "Snap Back Rally"
- The Good News And Bad News From Black Friday
- Forget Seasonal Trends And Santa Claus Effect
- Electronic Firms Show Downturn In Consumer Spending
- We've Had The Rally, What About That Bottom? Please...
- Getting Primed For Bear Market Rally
- Chrysler Spreading Word of Its Turnaround Plan?
- Earnings For 2009 Nearly Impossible To Figure
- Home Builders "Stars" Of The Day On Street
- Cramer's Outrage: Paulson & Bernanke
- Lightning Round: Genzyme, Goldman Sachs, U.S. Steel and More
- Lightning Round OT: Verizon, Kroger, Novartis and More
- Executive Decision: Foster Wheeler CEO Ray Milchovich
- Cavs Owner Doesn't Mind Buzz Over James
- Trading Obama's Stimulus Plan
- What Bailouts?
- Your First Move For Tuesday December 2nd
- Web Extra: Fast & Furious Trades For Tuesday
- Toyota to Cut Bonuses Amid Reports of Output Cuts
- China Eyes Consumer Boost, May Aim 8% 2009 Growth
- Australia Retail Sales Rise No Bar to Sharp Rate Cut
- Asian Stocks Tumble on Economic Woes
- Beyond Rate Cuts: Other Fed Tools Against Downturn
- Paulson's Speech on the Economy and Financial System
- Paulson: US Weighs Other Uses for the Bailout Fund
- House Democrats May Seek $500 Billion Stimulus
- Bernanke's Speech to the Austin Chamber of Commerce
More Videos
Text Size 
What can we conclude about today's trading? That we are not going to move too far too fast--and the most likely path is a trading range with a test of the lows.
Yes, Virginia, earnings matter. The focus has been on the credit & macro backdrop; this has obscured fundamentals. The problem now is that it is difficult to say what is priced in.
Techs led the markets down. Intel [INTC
Loading...
()
] is reporting after the bell. As a trader, is Intel fairly priced? They used to have all sorts of opinions, because they had models. But when Intel moves from $25 to $15 in two months, all anyone can says is, "I don't know, Bob, I just don't know."
Commodity stocks were also notably weak today.
Meantime, TrimTabs is reporting equity mutual fund investors redeemed $8.8 billioni on Friday. Bond funds had a record $10.2 b one-day outflow on Friday as well. Equity fund outflows for the month of October are now estimated at $55.8 b, which would be the largest outflow since ICI began records in 1984.
Remember: investors often panic at extremes.
Buy, Sell, Hold? |
_____________________________
New from CNBC.com:
_____________________________
_______________________________________
CNBC's Names in the News:
Intel [INTC
Loading...
()
]
Apple [AAPL
Loading...
()
]
_______________________________________
Questions? Comments?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes