The 300 point rally cracked the cement heads of Tea Party republicans to strike a deal. Although nothing has been announced yet, I am fairly certain something will be announced within a week. Now the focus will shift to earnings, then holiday sales. For the most part, retail sales have been lackluster. But, many retail stocks have been hammered in recent months. There is opportunity in the sector.
Gold is being destroyed today because stupid people own it.
I like my chances at adding to gains today. Optimism should continue into the weekend. I can’t think of a reason to be short right now. It is a recipe for capital losses.
Top picks: BALT, YELP, YY, SUNE.
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BRENT/WTI spread is back to -10$ and crack spread on the up last few days. Do you think there is a refiners trade setting up?
That’s funny. I just text messaged a friend of mine about the spread and have a few names in mind.
Post up inside The PPT too.
Many of the refiners made the % gain list yesterday. Indeud.
soon
Looking at punted down ALJ, but may go with VLO.
Glad I added YELP and YGE when we were all going to hell.
Someone give that man a bra.
Retail is getting hammered again today, looking for a re-entry point in TGT.
ALJ ya missed the big dip buy,,,but still room to run..but what do I know
The 300 pt rally and a letter from the Koch brothers!