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May 1, 2006

The rats are jumping ship, today, Mon., May 1, 2006, 5:14 PM

You know I call myself the Rat Catcher for good reason. Well, I'm here to tell you the rats are jumping ship.

Little People, be wary when your financial advisor fails to tell you he or she is selling the stock of their employer. If it's not good enough for them; it's not good enough for you.

In case you missed it, here are 20 investment service firms that got whacked today. I mean killed.

And today was just more of what happened Friday!

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Here are the charts of some pretty big names on Wall Street. I'd hate to think they'd leave the party without telling you.

I couldn't be happier in cash when I see a picture like this one.


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p.s., well, actually LEH did do a share split, so you can throw that chart out.

It will pay to watch these closely for a few days to see if there is any follow through on the downside.

Posted by Posted by Bill Cara on May 1, 2006 05:14:36 PM | Category: Cara Today in the Market

Discourse

Bill-

Maria Bartiromo mentioned at about 3:15pm today on CNBC that Bernanke told her at the WH Correspondents Dinner over the weekend that "The markets got it wrong". HILARIOUS! Maybe they should have more scotch at those Fed meetings so the truth would come out in those Minutes also.

Posted by: MarkM [TypeKey Profile Page] at May 1, 2006 5:27 PM [link]

Maria left out one statement by B-52 Ben, "We've lost control". Of course the broker dealer community is reflecting that priceless tidbit. Looking forward to the continuation of consumer credit contraction.

Bill L

Posted by: bill [TypeKey Profile Page] at May 1, 2006 6:19 PM [link]

VERY Interesting Observations - Well Done ... !!

Sparky

Posted by: Sparky [TypeKey Profile Page] at May 2, 2006 12:53 PM [link]