Overheard on StockTwits: Rally Mode

zerobeta
November 5th, 2009

Each day we dig into the StockTwits stream and try to bring you the morning vibe. Here's what we found today: 1-benzinga

The buyback is back, especially in the tech world with $CSCO and $RIMM buying back shares. Last time companies were buying back shares it was at the top, so as far as signals go this is probably not the best, although $RIMM has taken a nasty dive as of late.

2-huff

$UNG is a popular natural gas play on the stream and has been a perennial disappointment to many longs.

3-tzokal

Great analogy of the market action as of late.

4-abnormalreturns

Awesome link from the LinkMaster General @abnormalreturns. Looks at asset correlations, the carry trade and hedge fund returns.

5-tomlabus

It's interesting that the $GS P&L distrubution is starting to change. It used to be that they didn't make a ton of money or even lost money most days but had a few huge days. Now they just print money every day.

6-TradeHawk

Wow, sentiment got bearish pretty quickly.

7-nycwerewold

While I think @nycwerewolf raises a good point in the context of a global economy - with a global companies and a global workforce, the fact is that the US is THE consumer in the world. Eventually, unemployment here will eat away at our ability to consume and at a major piece of the global economic puzzle.

8-streetinsider

$CVS is down big today. One would think a consumer staples company would be doing relatively well in this climate. Perhaps thats what the market expected.

9-johnwelshphd

While they aren't tanking any more, they continue to lag the overall market and MUST be watched.

10-optionsizzle

While $CSCO is still up nicely it has sold down from its initial gap up. This has been a pattern in stocks with great earnings as good news is being sold off in this market.

11-kirk