Friday, January 23, 2009

More Bad news

We had sell signals yesterday on COF & WMT ( to name a few) and COF did not disappoint our new signal by reporting massive earning losses after the close last night...This morning GE had awful earnings, as expected. They tried to stem the bad news by sticking with the dividend...it almost worked as the stock was trading higher until about 8:30 in the premarket...

Tranports look bad, S&P may break 800 this am and bank nationalization is on everyone's mind...so, whats next?

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posted by Peter Greene

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