Since China is’nt going to increase its interest rates this weekend, there is still hope for a continued rally. With some analyst expecting the S&P going to 1350 before a correction, and GE good earnings, there is reason to believe that any dip should be bought.
BAC earnings showed slight improvements over the last quarter, credit cost remains substantially high, but it is expected to decrease over the course of the year. I am long BAC and expect it to remain at this level for a while before making its upward climb again.
Commodities might start its down trend after a wonderful rally that has sent most commodities stocks up by 50% to 100%.
Stocks that should outperform are retails and service sectors as the economy shows great signs of improvements.
I am long LVS, BAC for the next week. Neutral on CLF, FCX, X, MT.
Nice artichoke Pizza
This is a photo shot in Washington DC.
3 comments:
Hi, I would like to know why do you choose or preferr BAC intead C , to long
Thanks
Because the uptrend of C is very slow...it tooks years to make money.
Thanks tolits , I bought BAC, but I start to think that the uptreand of C is
better and the potencial to recovery is higher. I hope not done a mistake.
Thanks again.
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