Industry Sector Analyst
"Bottom Up"
Estimates* ---Merrill Lynch ----Citigroup
Financial -----19.0% -20.0% 0.0%
Energy --------1.0% -5.0% 7.0%
Technology ---19.0% 2.0% 11.0%
Industrials ---13.0% 2.0% 9.0%
Health Care --11.0% 5.0% 10.0%
Consumer Staples 11.0% 4.0% 7.0%
Consumer Discretionary 25.0% -20.0% 5.0%
Materials ----12.0% -10.0% 8.0%
Telecommunications 12.0% 2.0% 9.0%
Utilities ------9.0% 0.0% 6.0%
Total --------15.1% -7.0% 5.2%

the first number or percentage...forget those ...those are nim wits like J Kramer...or whatever...the wall street sales pro's...junk bond dealer...types... look at IT>>>financials up 19% in the fourth quarter...are the first row people crazy...
you already know every bank is reporting HUGE LOSSES>>>FOR THE YEAR.....

Its the Merril lynch row...that looks like the most accurate....
and then there's Citigroup who can't even get their own numbers right....

anyway i'm stuck using Technology numbers, healthcare numbers and telecom numbers...and i'm going to use the low end for qqqq estimate....
so i will go 2.5%...avg...
so
i'll say the qqqq grows maybe 2.5% in Q4...so that would put the qqqq's at $57...sometime between now and January...but...first lets see if the market will even attempt a run to $55 first...
SPY which is a lot of financial and energy...
WELL IT'S JUST A TOTAL LOSS.....
TODAY WAS PROBABLY THE DEC HIGH.....
anytime you see financial stocks getting too high.....PLEASE post something at beannies...so i can alert the crowd..and get un- bullish...on a dime....
zee....
If anyone knows any blogs that blog about banks....please leave contact info...thanx
zee.....
from now on I am proceeding like the depression is already here.....until the bulls can prove their case other wise....because they sure had their chance today.....and they poof...disappeared....so I am no longer bullish....on the xmas rally....
IF YOU SEE ANY DOUBLE TOPS PLEASE POST THEM AT BEANNIES...SO I CAN SHORT SELL THAT TOO!!!!! THANX....