Market Observations 12/29/06
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
Saddam Hussein will be hung sometime over this weekend, and someone else has taken his place.
On the year, SP500 +13.6%, NAZ +9.5%, DJIA +16.3%, RUT +17%, MID +9%. Best SP stock, Allegheny Technologies +153%, worst Whole Foods Market -39%.
Best DJIA stock GM +58%, 2nd ATT +45%, worst Intel -18%. Best Mid cap Polycom +104%, worst Westwood One -56%. Best Small cap Savient Pharmaceuticals +206%, worst Wellman -54%.
Best sector Telecom Services +34%, 2nd Utilities +32%, 3rd Energy +25%. Worst sector Healthcare +7%.
Best industry group Toys/Hobbies +83%, 2nd Steel +60%, 3rd Gambling +54%. Worst industry group, Online Retail -18%, 2nd Homebuilding -17%, 3rd Radio -15%.
This years global index winners, the Peru Lima General Index +187%, the Venezuela Stock Market +150%, and the Ho Chi Minh Index +142%.
Global index losers, Saudi Arabia's Tadawul All Share Index -53%, the United Arab Emirates' DFM general Index -44%, and Qatar's DSM 20 Index -35%.
Best commodity, Nickel futures +200%, Worst commodity Natural gas futures, -79%.
What the New Year brings with full participation and increased volume is anyone's guess.
A rapid pullback, descent and overdue correction or a boost to the 1440 SP500 and 830 RUT area continuing the rally until mid Jan when BOJ raises, affecting the carry trade?
Have a prosperous, healthy and safe New Year!!
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us.
Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!
Saddam Hussein will be hung sometime over this weekend, and someone else has taken his place.
On the year, SP500 +13.6%, NAZ +9.5%, DJIA +16.3%, RUT +17%, MID +9%. Best SP stock, Allegheny Technologies +153%, worst Whole Foods Market -39%.
Best DJIA stock GM +58%, 2nd ATT +45%, worst Intel -18%. Best Mid cap Polycom +104%, worst Westwood One -56%. Best Small cap Savient Pharmaceuticals +206%, worst Wellman -54%.
Best sector Telecom Services +34%, 2nd Utilities +32%, 3rd Energy +25%. Worst sector Healthcare +7%.
Best industry group Toys/Hobbies +83%, 2nd Steel +60%, 3rd Gambling +54%. Worst industry group, Online Retail -18%, 2nd Homebuilding -17%, 3rd Radio -15%.
This years global index winners, the Peru Lima General Index +187%, the Venezuela Stock Market +150%, and the Ho Chi Minh Index +142%.
Global index losers, Saudi Arabia's Tadawul All Share Index -53%, the United Arab Emirates' DFM general Index -44%, and Qatar's DSM 20 Index -35%.
Best commodity, Nickel futures +200%, Worst commodity Natural gas futures, -79%.
What the New Year brings with full participation and increased volume is anyone's guess.
A rapid pullback, descent and overdue correction or a boost to the 1440 SP500 and 830 RUT area continuing the rally until mid Jan when BOJ raises, affecting the carry trade?
Have a prosperous, healthy and safe New Year!!
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us.
Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!
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