Monday, March 30, 2009

CREATE YOUR OWN CEO SPEECH:

"We look after our customer's interests/the road ahead/our assets are our people/creation of shareholder value/our vision/our expertise lies in/we provide interactive solutions/we position ourselves in this market/how to serve our customers better/short term pain for long term gain/we will be rewarded in the long run/we play from our strength and improve our weaknesses/courage and determination will prevail/we are committed to innovation and technology/a happy employee is a productive employee/commitment to excellence/ strategic /Plan/our work ethics."
Excerpted from Nassim Taleb's book Fooled By Randomness , by selecting any key phrases one can create a speech for any politician or CEO and save all that time not listening to them when the earnings start to roll out next week.
After a huge 2-week rally of over 20 %, and bumping up against significant Resistance of @800 on the S&P 500, we now see some profit taking/window-dressing, closing March with a whimper.
The ratio-adjusted McClellan Oscillator remains above +50 (my overbought level), and short interest on the NY rose over 10% (5% on OTC). Yet surveys remain inverted - Bearish ON the market/Bullish FOR it. Bullish per cent is getting a bit toppy, and the Baltic Dry Index, a global economic indicator, continues to fall after its recent rally.
Here are the rest:
MktSentiment. 3/27/2009 Prev. Week.....5Yr.HI......LOW

DJIA ………. 7776……….7278.………..14093............6626
Nasdaq………. 1545……….1457…………2810.............1114
S&P500…….. 815………..768………….1561………..683
CBOE Eq. put/call ……62………..62……..…96-10/08….....46-1/03

VIX ………. 41……….45.9…….…….79..-10/08bull….10.0-7/05 bear

McClellan Osc………56………….57……………..108-1/09 bear...(-100)-10/08bull
McClelSum……….…-176………-554……..…....1568-6/03.......-1514-10/08
Newsletter Surveys:
Inv.Intel -Bull:…..…28.9…………28.4……….…63 (12/04bear)...22.2-10/08bull
Bear:………… 43.3…………44.3…………… 54.4.10/08.......16-6/03
AAII-Bull/Bear ……39.1/42.1……45.1/58.3….…..18.9/70.3 n/a
Market Vane - T-Bond..66………..58……………..91………….59
Baltic Dry Index ……1678………1782…………11700…………………663
Bullish%- …….…48…………38buy………….…88 -2/04bear.....2-10/08bull
*Insider corp sellers. 6:1…………10:1…. ………..97………….2.4:1 (11/08)
Mutual Fund Inflows …(4.5B)……2.1B
ETF InflowsL……… … 1B…. .1B

www.mktsentiment.blogspot.com is a free weekly display of important contrary opinion statistics, with the disclosure that eventual fees may be paid to the author from readers clicking

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