{"id":669,"date":"2009-08-05T06:30:55","date_gmt":"2009-08-05T11:30:55","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=669"},"modified":"2009-08-05T06:30:55","modified_gmt":"2009-08-05T11:30:55","slug":"before-the-open-131","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=669","title":{"rendered":"Before the Open (Aug 5)"},"content":{"rendered":"<p>Good morning. Happy Wednesday.<br \/>\nThe market keeps going and going. No matter what happens, no matter what news is released, the market goes up and up and up. It doesn\u2019t matter if companies hit or miss earnings. It doesn\u2019t matter if economic news is less than expected. It probably won\u2019t matter what the employment numbers are this Friday. The market is in idiot mode, and I don\u2019t know why.<br \/>\nAnd unlike some previous rallies where it didn\u2019t make mathematical sense for the indexes to keep moving up because &#8230;<!--more-->certain groups were not confirming, today\u2019s rally is being supported by across-the-board gains in virtually every group.<br \/>\n<strong>Banks<\/strong> have done very well lately (but still haven\u2019t taken out their May high)\u2026<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/bkx080509.png\" alt=\"\" \/><br \/>\n<strong>Copper<\/strong>, which is often good gauge of economic activity, is doing great\u2026<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/copper080509.png\" alt=\"\" \/><br \/>\nDespite the unemployment rate being close to 10%, <strong>retail<\/strong> is doing well\u2026<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/retail080509.png\" alt=\"\" \/><br \/>\n<strong>Semiconductors<\/strong>, which are used in even low tech items, keep chugging along\u2026<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/sox080509.png\" alt=\"\" \/><br \/>\nAnd the <strong>small caps<\/strong> continue to make new highs\u2026<br \/>\n<img src=\"http:\/\/leavittbrothers.com\/before-the-open\/images\/rut080509.png\" alt=\"\" \/><br \/>\nThe trend is up, so my bias of course remains to the upside. But the market isn\u2019t going to go up forever. Don\u2019t get lazy.<br \/>\nheadlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><br \/>\nstocks to watch from <a href=\"http:\/\/www.marketwatch.com\/story\/stocks-in-focus-for-wednesday-2009-08-04\">MarketWatch<\/a><br \/>\ntoday&#8217;s <a href=\"http:\/\/briefing.com\/Investor\/Public\/Calendars\/UpgradesDowngrades.htm\">upgrades\/downgrades<\/a><br \/>\nyesterday&#8217;s <a href=\"http:\/\/leavittbrothers.com\/leaders-laggards\/2009\/08\/04.cfm\">leaders &amp; laggards<\/a><br \/>\nthis week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/economic-releases-earnings-reports\/2009\/08\/02.cfm\">earnings &amp; economic releases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Wednesday. The market keeps going and going. No matter what happens, no matter what news is released, the market goes up and up and up. It doesn\u2019t matter if companies hit or miss earnings. It doesn\u2019t matter if economic news is less than expected. It probably won\u2019t matter what the employment numbers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/669"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=669"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/669\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}