I’ve been very busy in the 7th level of hell, aka one of your trusted investment banks, ripping in and out of IPOs. It has been a banner year for The Devil, thanks to the explosion of deals that came to market in 2014. Since I am not one for idle chi-chat, let’s get down to brass tacks.
Oil: long APA, EMES, MUR, GPOR in that order. Okay?
I like the RSX for a rebound, with crude and sentiment bound to turn.
China: I like NOAH, QIHU, YOKU and KNDI.
Tech will be strong, okay? Must own names are ANET, ZEN, QLYS and SWI.
Finnies:MUST OWN BAC, maybe some C. Banks will be huge in 2015. Trust me. The Devil doesn’t lie.
I think 2015 will be surprisingly strong, as investors come off the sidelines– post Fed ponzi scheme– to an economy that is really growing (perhaps they are brilliant). I never believed in this tape and have been short for much of 2014. Even though the indices are at new highs, lots of high beta names have come in. This is the environment I like to be long, as sectors rotate and volatility sets up big trading moves, like oil and Russia.
No one wants to believe that the economy and the market can thrive without the Fed. We will find out soon, in 2015, and I think the surprise will be to the upside.
Yours truly and eternally,