Its a TV two-fer today:
Back in the studio tonite with
Larry uber-Bull Bob Pisani, from 5:10
– 5:30 pm (I’m remote from NY).
Recall the last time I was on with Bob Pisani (he as a guest), he was astoundingly Bullish — about a week before the February 27 correction began. (I am now referring to those highs as the Bob Pisani top!)
Also in the studio are Michael Cuggino and the very bearish Gary Shilling.
Since this was scheduled, DELL was halted and news re;eased; It reopened about ~$1 lower: I assume this will be viewed as very company specific, and not spill over to the general tech market. Dell has long since lost its status as a tech bellwhether.
That said, some of the Tech Bears (Hickey, Fleckenstein, et. al.) have argued that much of the "E" in the P/E ratio is pretty ginned up. We now know they were right — at least as far as Dell is concerned.
Tonite will definitely be fun!