The break between the DOW and Telecom Stocks

I've been buying and selling in the stock market since I was a kid. First stock was DIS.

Can someone who knows about telecom stocks tell me why there has been a break (one of the first disconnects that I can see) between the DOW 30 and Telecom stock prices?

The DOW just got back to 10,000 last week. Normally (last 20 years or so) there is a relationship between telecom stocks (T, VZ) and the DOW 30. The DOW has outpaced telecom by a factor of 2 - recently (last 5 years) - but the telecoms always follow (or lead) the DOW in gains and losses.

Telecom stocks have headed south.... a distinct break from the DOW 30 - something that hasn't happened in the past. Do we really think that the cell/wireless/pda event is over?

Why.. why...why?

I think that there is an opportunity here. Just like Cramer, I say - let's take our 6.4% dividend and wait for the correction.

Can you get good news on the Internet?

I love reading the news.

Unfortunately I have an unquenchable desire to read the commentary after an article.

I'm usually drawn to the Karl Rove op ed pieces in the Wall St. Journal and following comments.

Here is the latest: http://online.wsj.com/article/SB10001424052748704471504574444981640430364.html

Mostly comments from less than knowledgeable liberals, pro-US is the world's policemen kooks and Obama bashers.

But back to the original question. Can you get good news on the Internet?

I usually start with Google news feed to see what has been posted and work on two or three versions of the same news.

1. Christian Science Monitor

2. Fox News

3. Wall St. Journal

3. Press TV (from Iran)

4. SF Gate (if covered)

You will be amazed at the different take on US events.

Let's do it now!

Christian Science Monitor article:

Obama says Iran must take 'concrete steps' on nuclear issues

Basically open article - did Iran get prestige from the meeting and not give up anything. Is this only a first step for meaningful dialog.

Fox News: Not easily found - top story is "Defunding Acorn... Unconstitutional?" Scroll down... rape, strippers, boobs, sex, hate, sex again. Sheesh.. is this news? Closest I can find is "

Clinton Calls Iran Talks Productive, but Incomplete

AP article - are there reporters that work for FOX? Clinton said she got a rundown on the substance of the talks in a telephone call from William Burns - so second hand information and no analysis.

Wall St. Journal:

Paths on Iran Start to Take Shape

Nice quote -Its leaders could decide that being seen talking with world powers helps them "recoup the enormous legitimacy they've ceded domestically" because of the summer's disputed presidential election, says Karim Sadjadpour, an analyst at the Carnegie Endowment for International Peace. They also raise the issue - should the US be thinking regime change, not nuclear weapons.

Press TV:

Obama: Iran-P5+1 meeting, constructive beginning

Highlights the defiant Iran, but also includes the salient points of the US negotiation.

SF Gate:

Iran, world powers agree to further nuclear talks
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/10/01/international/i014704D14.DTL#ixzz0Sk1z4eEa

AP article. Decent depth. Highlighted Obama stating that the US supports Iran's ability to use nuclear power generation. Included Iran's jab at limiting the US power in the UN.

Well - in this quick debate - I would have to give the medal to SFGate AP article. Let me know what you think.

The answer my friends is yes! But you have to sort through the chaff.