Dislodge Those Divergences
Just as some men say they only read Playboy for the interviews, for a long time I may have claimed to have read Barron's for the stories -- but I was really only interested in the statistics. Over the years, however, I started reading some of those stories, and I've found Mike Santoli's "Streetwise" to be one of my favorites. Granted, I enjoy his column mostly because he often agrees with my own point of view, but it's also because he often supplies interesting data that I don't necessarily see elsewhere or use in my own work.
One of the best examples of this in recent months was when I warmed up to oil back in June, when it was quite hated. Shortly thereafter Mr. Santoli penned a column showing the spread between the oil stocks and the defensive stocks, arguing that they were quite stretched, and that perhaps oils were a buy while defensives were a sell. I had not thought of looking at that spread, yet it turned out to be a terrific indicator....387 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.
