"No man can become rich without himself enriching others"
Andrew Carnegie



Friday, August 10, 2012

Break Out or Break Down: What's Mr. Market Telegraphing?

NASDAQ MarketSite TV studio
NASDAQ MarketSite TV studio (Photo credit: Wikipedia)
CNBC's Fast Money traders don’t agree on much but lately they all seem to agree on one thing – the stock market is at an inflection point. But will stocks break out or break down?
Trader Stephanie Link, director of research at TheStreet, is optimistic. She believes earnings results confirm the message telegraphed by the latesthousing dataretail sales numbers and more. And that is, the economy is growing – albeit slowly. She adds that the Street is still very aware that both Mario Draghi and Ben Bernankecould implement some kind of program – and that too is bullish. In this kind of environment she recommends adding to cyclical exposure via dividend payers. “I like Vale [VALE  18.94    0.25 (+1.34%)   ] and Emerson [EMR 50.30    0.32  (+0.64%)   ],” she says. Trader Pete Najarian, co-founder OptionMonster.com, largely agrees. “I expect to see investors put money to work on the belief that there’s are gains to be had in solid companies, especially those that pay dividends.”... Continue to read.
Enhanced by Zemanta

No comments:

Post a Comment