Disney Takeover offer....

Discussion in 'Trading' started by limitdown, Feb 11, 2004.

  1. the Disney takeover offer by Comcast Communications is skewing the DJIA into the positive territoy....

    in addition to this, the testimony by the usually circumspect officating Treasury Secretary Greenspan has emboldened many to purchase the markets under the notion that the party and good times will continue to roll

    its now 2pm EST on Wednesday, Feb 11th, and the DJIA is +133 and the S&P500 is +13.15....

    under normal circumstances without the contribution of the Disney takeover the markets would probably be up roughtly half what they are, and most likely have a later afternoon profit taking selloff....

    Alcoa, which exports heavily and is benefiting from the depressed US Dollar is also skyrocketing...

    Alcoa's participation in the DJIA is more natural under these circumstances in that their rally is economic perception related instead of the artificial participation by DIS (Disney take over offer)....

    what say you that these two events and the tesitimony are masking a topside blowoff and a short term bubble forming with requisite drops in most stock indicators? shortly