The Bullish Paradox
We are seeing a mixed picture, which is leading to higher prices. Take American Express (AXP): The company said things slowed in July. So you should want to sell the companies you think are paying with American Express, right? But every company I use my American Express card for is on fire. The retailers I like are ridiculously strong.
China is doing horribly, so why not short Vale (VALE), instead of buying it, as we did in Action Alerts PLUS? Because we are in the perfect bullish paradox, as I heard it described by some nameless soul during some early morning TV watching. The worse it is in China, the more they have to stimulate, so buy. If it gets better, well, buy....237 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.