IPI-

IPI the recent ipo should get a lift today with AGU blow out earnings.
Watch that group for upside today although in my mind they are truly stretched

Why Analyst are really ANAL- yst

Why in my view analyst are ANAL- yst is because because they will always make you lose your ass.
This morning Wachovia and Credit Suisse analyst have just decided to downgrade Lehman. Now if you had listen to Wachovia the last time they upgraded LEH on March 2007 and bought the stock you would be down over 60%. Man oh man if I called a loser for 6% I would be called an idiot but oh well. On the same note LEH has fallen 55% since Credit Suisse last upgrade of the stock.
The crazy thing is LEH still has 7 buy ratings on the street.

LEH might be a teenage stock soon !! who knows ? Only thing I know I would not be owning that stock or any investment bank stock here.

Please note investment banks have earnings out starting next week and we could bounce going into the numbers but I really don't see this group doing well after that..

From my readings

Oil reversed bullishly for stocks as the powers that be seem to be ganging up to help the greenback. This is one scenario that people can really buy into 1000% because it's so politically motivated. We need the dollar to rally and oil and gold to collapse or we might be in a disasterous position. The Group of 7 (kind of like the Chicago 7, but with economics degrees)meets at the end of the week and some believe they will do what they have to do to get some substantial upside momentum in the dollar. Oil and commodities should get crushed and that could set the stage for a rally. This is part of the thinking of many from my readings.

Oil and Gold

Both getting serious selling on talks by Paulson of an aggressive strong dollar push. Commodities have been riding the weak dollar story into their fundamentals.
Expect commodities to fall if the dollar show some strength

NOISE

Market very noisy today- Don't trade it, too many mixed signals.

Trade Call :

Trade call will be made today after market open.

Will it be one more winner.

YES!!!!!!!!!!!!!!!

Open Plays

Open plays are now on the main page of the blog so everyone can follow easier. All trade calls will be added there.