Tuesday, July 22, 2008

Monday's Late Institutional Money & Deja Vu

Our readers should follow the 10 year note as a barometer of large institutional appetite for risk reward. Notice how the yield fell (bonds were bought) after 1 pm ET? That should have alerted us to the poor earnings from AXP and below average guidance from AAPL; shame on us. Were you following the "smart money"?


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2 comments:

StockWatcher said...

Once again, excellent reading on the AAPL action today -its back up above 162 now.

Anonymous said...

Incredible work on AAPL!! I bought Aug 155 calls at the open for $400 and sold half of them a few seconds before the close for $1,160. Great work, and thanks!!