TSG – Stocks mired in a trading range…

Dear Trader,

TSG Stock Market Letter
Week Ending April 25, 2008

Topics Discussed This Week:

* Stocks mired in a trading range…
* Leaders hang in
* Earnings remain weak
* Existing and new home sales fall again
* Of election and seasonal cycles

Quote of the week – “In this crisis, a number of times
people have seen a light at the end of … Dear Trader,

TSG Stock Market Letter
Week Ending April 25, 2008

Topics Discussed This Week:

* Stocks mired in a trading range…
* Leaders hang in
* Earnings remain weak
* Existing and new home sales fall again
* Of election and seasonal cycles

Quote of the week – “In this crisis, a number of times
people have seen a light at the end of the tunnel and it has
ended up being a train coming down the tracks,” Credit Suisse
Chief Executive Brady Dougan to reporters this week following
the company’s announcement of another $5.26 billion write-down.

It was also another up week for stocks if only just barely but
it was also a week of money managers and brokers ‘talking up
their books’ as evidenced by the continual stream of calls of
an end in the credit crunch with each new negative revelation
(see ‘Miller’ article). I put it down to that age-old truism
that misery loves company.

Could it be that pros in losing positions are doing their best
to encourage others to join them so they’ll have company or are
they just looking for buyers to take their portfolios off their
hands?

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To read this week’s STOCK letter, please go to
http://tradesystemguru.com/content/blogcategory/34/68/
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To read this week’s INTERMARKET letter, go to
http://tradesystemguru.com/content/blogcategory/35/69/
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