Now Portugal and Spain Have Joined The Party. It’s Not Just Greece Anymore!
For the last two months I have advised subscribers to trade the rally in a very passive manner. "Take a limited number of positions and keep your size small so that you can exit quickly". Today's price action demonstrates why this approach was emphasized. The market kept grinding higher on better than expected news. Even though great results were priced into stocks, the results were better than expected. With over a third of the S&P 500 companies behind us, more than 70% of the firms have beaten top line growth projections and over 80% have exceeded net income estimates. The temptation …
April 27, 2010
• Posted in: Options
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