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« Timing the Trade in "Obama Stocks" | Main | A Crib Sheet for Government Data »

June 23, 2009

Comments

VennData

How does one capture the fury of the missed run this Spring?

The WSJ's reporting has been so negative lately. For example yesterday's article states, "Investors are rapidly losing faith in the prospect for a significant rebound in summer U.S. gasoline demand."

http://online.wsj.com/article/SB124567829766437051.html

...without even mentioning how consumer gasoline usage had just increased in May. OK "significant" but that's not the reality here.

If I had to pick a day for the bottom I'd say June 23rd with the plurality of the news articles with such negative, bearish spin. The Journal is going to become a reverse indicator and lose credibility.

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