Monday, September 8, 2008

Nasdaq - not falling for it

I read a great quote this afternoon with regards to the latest Government Intervention:

"...this is terrible news for the housing market. Essentially, more than 75% of the financing for the housing market is now being controlled by the same morons who write welfare checks, or give free health insurance to illegal aliens. Our government will now be in control. Don’t worry folks, they’re the government..."


The Nasdaq does not appear to be falling for the government's latest pig lipsticking - with the Dow up 200, they're down 2 pts. These shenanigans will only further defer the inevitable, just as they have up to this point.

RIMM - false breakout to the downside?
May provide a short-term bounce if it stays above 101.46




AAPL - yoinks!

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