The Day Ahead: A Fresh Stack of New Themes
Friends, welcome to "In-Your-Face Friday." From Sunday night to oh, say, 2 a.m. Friday, all I heard about was that much of the same factors driving a suspect rally. Frankly, I have grown weary of listing these themes, and I will do my best to refrain from mentioning them this morning. I want to be a tad in your face today, because complacency is in the air, and that is a worry of mine that you should feel as well.
Where there is complacency, there are blinders to risk. Profitable positions are ridden like mechanized cattle at a Texas BBQ joint. The decision is finally made to buy a cyclical stock days after the smart money has made them pricier, valuation-wise. But please don't think this is some kind of attention-seeking bear call on my part. Across the board, selling in stocks has subsided -- meaning correlation -- and winners that deserve to win are winning. (Much to my dismay on Brinker's International (EAT)), which caused a #PenSnap)....578 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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