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本帖最后由 oldpigwang 于 2011-10-11 09:37 编辑
Bulls Make Their Case
ZACKS.COM
PROFIT from the PROS
10/11/11
Why were stocks raging higher on Monday? Because the Europeans may have pressed pause on their problems until the end of October. I am referring to the comprehensive plan that Merkel and Sarkozy are working on which they hope to unveil by month's end.
With Europe off the table for a little while, that allowed investors to see some of the positives in the US.
1) GDP for Q3 may actually be above 2% (so says Goldman Sachs and some other notable groups)
2) If #1 is true, then this earnings season will be much better than expected
3) Stocks just broke above their 50 day moving average and there is a lot of headroom before we hit the 200 day.
Hold on a second Reity. Weren't you bearish the last couple months???
Yes and I am still mostly bearish past this October earnings season. But as stated in some of the recent commentaries, low expectations are a great fertilizer for stock gains. So I hope to grow and harvest some long the stock market profits by month's end. Yet when the focus comes back to Europe things may turn rotten again in a hurry. For the near term, odds are better on the long side of this market. Not short.
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狗仔卡
发表于 2011-10-11 08:16 AM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2011-10-11 09:07 AM
