14000 Dow -- iPhone Euphoria -- Fast Money Contributor Worried - Stocks - Options - Mutual Funds Article - iphone, euphoria, dow

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14000 Dow -- iPhone Euphoria -- Fast Money Contributor Worried

Article Submitted by: art
Stocks - Options - Mutual Funds

Tags: Iphone, Euphoria, Dow.

The media seems to have traded in attention to the iPhone for the 14000 mark on the Dow. Both are hype. Euphoria in the market is about to face the impact of Intel and Yahoo numbers as well as the sub prime. All this is a recipe for trouble. Just watch the media turn on a dime.

Submitted: Jul 18, 2007 Views: 597 Comments: 4 Likes: 9

The media seems to have traded in attention to the iPhone for the 14000 mark on the Dow. Both are hype. Euphoria in the market is about to face the impact of Intel and Yahoo numbers as well as the sub prime. All this is a recipe for trouble. Just watch the media turn on a dime.

The economy is just not that strong. The market is in a state of denial, and the signals are there for a significant move down. This article summarizing a conversation with Bill Fleckenstein on Fast Money captures the issues and the worries especially well:

http://www.cnbc.com/id/19812025

Related Articles:

Despite all the hype, iPhone details are still scarce for would-be buyers by PhilR - Jun 20, 2007
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True IPhone Impact Won't Be Known for Months by soczie - Jul 02, 2007
Ignore the Hype: Dow Over 14,000 Isn't All That It Seems by Sam Cass - Jul 21, 2007
What Does the Drop in the Dow Really Mean? by Sam Cass - Jul 30, 2007
Top 20 one day percent decreases in Dow Jones by sagitarius84 - Oct 10, 2008.

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Comments Received:

jonathan

Today may be the day!

Posted: Jul 18, 2007

harry

I don't know if it will be today, but it sure will be soon.

Posted: Jul 18, 2007

JRubinstein

Fleckenstein isn't a fast money contributor - he is a permabear and has been bearish since the beginning of time.

Posted: Jul 18, 2007

harry

Yes, but bears are right some of the time. And, he was both lucid and convincing when he appeared on Fast Money.

Posted: Jul 18, 2007

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