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January 20, 2005
Yada yada Thursday, January 20, 2005 06:57:41
Wall Street has decided its time to take down the Internet stocks, starting with the leader, and one of the best, EBAY. Other stocks in this sub-industry are getting hammered too because, with perfect pricing, there really was no jiggle room for when interest rates start to head north sometime after today's inauguration of the U.S. President.
Equity futures are notably down this morning, but bullish traders have a few things going for them in addition to the enthusiasm of today's inaugurating a freedom-loving president. The crude oil price is down, the USD is up, and Citigroup (NYSE: C), has positively surprised by a penny.
Surprise, surprise ;-)
Citi, btw, is the world's biggest financial services company thanks to the Trader Prince Alwaleed bin Talal bin Abdulaziz Al Saud, the man who recently executed trades totalling $1.2 billion in a single day amongst his various holdings.
I started to work on the top banner edu-section of this website, beginning with GICS. Hope you like it.
This morning I have to pick up my brother at the airport " if the baggage handlers don't shut the place down like they did last night " and my brother is off for a couple days to see our parents. Mom has come down with shingles on top of everything else she has to deal with.
I guess there are tens of thousands of EBAY bag-holders today who are sympathetic. They're all feeling the itching and pain.
Posted by Posted by Bill Cara on January 20, 2005 06:57:26 AM | Category: Yada yada