With today’s move up, I lost 0.10%. Gee, I wonder how I will recover from such carnage.
Without doubt, the [[IBM]] news was exactly what the bulls needed. The shorts ran for cover, while natural buyers stepped into ag, hard.
Aside from ag, other commodity related names were hot, particularly in basic resources.
With financials about to lose a fresh round of billions, I am contemplating bulking up my [[SKF]] position.
Frankly, the only thing that will change my bearish sentiment is blowout numbers, amongst the retailers.
I don’t care about tech, ag, energy or industrials—just retail. The economic health of Joey Bag-o-Donuts is vital for this markets recovery. Without him, we’re just running on fumes, waiting to get car jacked, then rolled on with our own vehicles.If you enjoy the content at iBankCoin, please follow us on Twitter