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June 9, 2006
"The lady doth protest too much", Fri., June 9, 2006, 4:06 PM
Have you ever heard more whining among Talking Heads than what the audience had to endure from Financial Entertainment TV today?
It even brought Shakespeare to mind.
"The lady doth protest too much, methinks."Queen Gertrude speaks these famous words to her son, Prince Hamlet, while watching a play at court. Gertrude does not realize that Hamlet has staged this play to trap her and her new husband, King Claudius, whom Hamlet suspects of having murdered his father. She also does not realize that the lady who "doth protest too much" is actually herself, as the Player King and Queen represent King Hamlet and Queen Gertrude. The former will be poisoned (in this play within the play) by the king's brother, as in reality (Hamlet suspects) Claudius killed King Hamlet. Gertrude's statement is in response to the play-Queen's repetitive statements of loyalty to and love of her first husband.
--From Hamlet (III, ii, 239)
Ten minutes prior to the close, there was just a 15 point loss in the Dow, and the Russell and S&P 500 were off just 2 points. Nasdaq just 5.
So why the crying? Are those cue cards that were being read by the Talking Heads?
We are after all in a Bear Market. The majority of the Bull's pain is yet to come.
I'll analyze what happened today and this week in my "Week In Review" (WIR).
During the day today, I didn't see a whole lot that was remarkable until right at the close here. There were extra sell orders on close that pushed the indexes down a bit, that's all.
That hot money could come back in two minutes on Monday.
I did take note earlier today that Merrill Lynch research has upgraded their rating on the senior gold producers like Newmont (NYSE: NEM). That will make my friend President Pierre Lassonde happy.
I wonder how many ounces that cost him? Just kidding Pierre.
I'll be back in the morning. As you know, I like to leave the office early on Friday's " so I can go to the living room and enjoy a cocktail. :-)
Posted by Posted by Bill Cara on June 9, 2006 04:06:35 PM | Category: Cara Today in the Market
Discourse
Bill, The XAU 100 MAE & MA - http://globalgold.blogspot.com/2006/06/gold-and-silver-charts.html
I remain bull on metal a dnwill accelerate my buying program soon...
Posted by: real1
at
June 9, 2006 5:05 PM [link]
I have an office like that but, no drinks tonight - I'm driving. Driving nails, that is.
Posted by: Fred
at
June 9, 2006 9:35 PM [link]

Bill-love the line about going to the living room to enjoy a cocktail....oh alright, don't twist my arm too hard....I'll have an Amstel Light with you-be right back!!
Ray
Posted by: rayg
at
June 9, 2006 4:59 PM [link]