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Can anyone say "Sell the news"?



April 16, 2009 – Comments (3)

It's looking like one of those days that despite lots of rosy, wonderful headlines we will be heading lower. Perhaps this finally marks the end of the bear rally?

3 Comments – Post Your Own

#1) On April 16, 2009 at 10:58 AM, ayekappy (< 20) wrote:

I don't even know what you mean at all.  JPM seems to be the only "good" news besides unemployment numbers, which are still horrible.  Otherwise, it's really bad news today and actually surprising the market's held up as well as it has, considering a company with 27b in debt filed Chapter 11 and housing starts are down 10% and foreclosures are starting again.

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#2) On April 16, 2009 at 10:59 AM, ayekappy (< 20) wrote:

Or perhaps you were just being facetious.

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#3) On April 16, 2009 at 11:18 AM, JGus (28.07) wrote:

ayekappy -

When I looked at CNNMoney right before the market open, here were the headlines - JPMorgan was in big, bold letters at the top and Initial jobless claims was one of the next ones.

JPMorgan Chase earns $2.1 billion

Initial jobless claims plunge Report this comment

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