6/05/2006

Bernanke says I am man enough

Bernanke has the typical manliness problem. Challenged to prove his manliness about inflation fighting capabilities, first he tried the pretty women strategy by trying to woo Maria Bartiromo, now he is trying the second strategy of a manly roar. So now we are headed for a Bernanke induced recession?

The May to October period has some bearish seasonality and there is a long history to it. Summer was holiday time in early Wall Street days. Today which hedge fund would like to sell in may and go away. But this correction will play out till October and then there will be typical end of year rally.
There are also many followers of the Presidential cycle theory who believe that the market dips in second term as the president has no more incentive to keep the market humming and the stimulative policies of previous years run out of steam. Deficit resulting from earlier years action is curbed by higher taxes. This sets the stage for next presidential election.

Stocks up 50% or more in a month

IFO,Infosonics
MED,Medifast Inc

Stocks with all time high volume

EWO,iShares MSCI Austria Index Fund ETF
GNLB,Genelabs Technologies
IFO,Infosonics
LSCP,Laserscope
ONI,Oragenics Inc
REV,Revlon Inc
RS,Reliance Steel & Alum Co

No comments: