Facebook leads the way higher. All of a sudden, it is the top pick for Dan “ugly face” Niles, after being his top short. Every single person I know hates AAPL. They look at the iPhone and laugh at it, whilst texting perversion on their Samsung devices (traitors).
Early this morning, a Spanish bond auction went extremely well, solidifying the notion that the european crisis is over. If you think about all of the turmoil that continent endured, GDP growth can only get better in 2013, under a much more benign economic environment.
There are some big movers in the market today, like BBY, MY, NOK, YELP and VOXX–but it’s only a 65% breadth day. There is room for improvement here.
I’m bullish and will be allocating 20% of my cash today.