Warm Up With Some Coal
Almost everyone expected the markets to sell off after the national elections, as talks of fiscal cliffs, higher taxes and debt limits stalked the stock market. Instead, stocks set a low 10 days after the election, but reversed to shoot almost straight up by a quick 12%.
To say that this has been fun for a deep value guy like me is a grand understatement. We have seen cheap stocks such as Tecumseh Products (RECUA) leap ahead by more than 50% in just two months. My Japanese longshots, Sony (SNE) and Panasonic (PC), have gone almost vertical with both gaining over 30% in the past month. My two biggest dogs have even joined the party: Radio Shack (RSH) and SuperValue (SVU) have each recovered by 50%. Bank of Ireland (IRE) has given up some of gains, but is still up 50% since the party started in mid-November. Small banks are catching a strong bid, and there have even been a few takeovers in the space....551 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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