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Dave's Daily Market Comment

Dave's Daily Market Comment October 10 2006


MARKET COMMENT

October 10, 2006





You’ll have to excuse me. I just can’t resist posting the new scene posted on YouTube featuring a spoof of Madeline Albright’s famous scene from 2000 with the North Korean funny man. If you don’t link to it, don’t worry, it will be coming to a theater near you soon.

Now Mr. Market can toss out some goofiness too can’t he? I mean check the morning headlines before the markets opened today (courtesy MarketWatch):

“M/I Homes lowers forecast.”
“KB Homes sees 22% profit drop.”
“D.R. Norton sales fall 34%.”
“JPM upgrades homebuilders.”

































These are the basic index sectors and charts that matter today: homebuilders, consumers, energy, bonds, currencies and commodities. The rest is just fill.

Please excuse the irreverent images; I just can’t contain myself sometimes. There will be more October surprises and not all of them will be funny, so laugh while you can because tomorrow could reveal a different story.


Disclaimer: The ETF Digest maintains positions in TLT and GLD.

Published Wednesday, October 11, 2006 8:50 AM by fryguy
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Dave's Daily Market Comment
The ETF Digest, published by Dave Fry, was one of the first online newsletters devoted exclusively to providing market commentary on Exchange Traded Funds (ETFs). His 30 years of experience in trading and portfolio management is available to you through his pioneering online investment newsletter. Dave’s Digest covers a broader range of ETFs and markets than any other newsletter.

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