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November 16, 2005

AXP alert, Wed, Nov. 16, 2005, 11:00 AM

AXP is urging traders to ignore Wall Street analysts. They are saying that Street estimates of +25 pct earnings growth are far too high".

The major commercial media networks are presently having a conference to say that their advertising model is thriving. LOL

Dow 10680. Can you say timber"?

Gold is up $9.00 to $478.00. I smell fear in the Bull camp. Hooray.

Posted by Posted by Bill Cara on November 16, 2005 11:02:00 AM | Category: U.S. Dow 30

Discourse

Bonds are also showing an inteersting move today. The two to ten year yield spread has now fallen to 9 basis points. Yield curve inverstion almost here?

-BG

Posted by: Soulek1 [TypeKey Profile Page] at November 16, 2005 11:15 AM [link]

Bill-
A lot of big red numbers on the Dow 30 monitor. So what is holding this up? Kinda reminds me of the other day when the market numbers were modestly up because of GM weighing everybody down then WHAM, it shot up like a rocket. This one has that feel in reverse.

Posted by: MarkM [TypeKey Profile Page] at November 16, 2005 11:16 AM [link]

Soulek-
If gold burst through 480 level and the yield curve inverted that would be a huge psychological blow to the markets. Bill could then stand by the door in a Santa suit and wish all the traders Happy Holidays! as they exited stage left. Bill, how do you look in red?

Posted by: MarkM [TypeKey Profile Page] at November 16, 2005 11:27 AM [link]