Middle of the week update. Busy last week, on it this week.
So to recap:
-the market leaders are starting to show their faces at the front
-oil pushes above $80/barrel
-Barack is back pushing healthcare
-the biggest HF's are getting bigger on the AUM scale
-all set-up work has been done - now on to the marketing
-lots of attention to the 2x and 3x leveraged ETFs these days - a great hedge
-more books hit the stores this week -the topic: the last few years in the markets
All for now. Stay long until the market shows it is reversing. Will it set near time highs or reverse and break the lows of last month?
Today was the 1 year anniversary of the bottoming-out of the markets. Today marked the big reversal which resulted in a 60-70% push to the upside in the major indices and huge returns in various individual stocks (aka financials).
Have a good rest of week.
DJIA 10,564.38 +11.86
NASDAQ 2,340.68 +8.47
SP500 1,140.44 +1.94
Labels: citigroup, commentary, economy, energy, financials, funds, hedge funds, motivation, oil, thesis