“In fact, we don’t think it is sustainab…

“In fact, we don’t think it is sustainable. And, if we see the S&P 500 move through the next level of resistance with some volume, we will add to our beta positions.”

I swear I just heard a real money manager just say that on CNBC. I suppose we could live our lives playing that mindless and clearly non-value added theme too. But instead, how about we stick with finding the next Google on its IPO or Apple at $7 just like we actually did and ignore the noise from idiots like that. And on that note, Ford just reported a blowout earnings quarter. Sales and units especially were impressive. That’s great confirmation and that’s why we are buying Visteon Corp, which will benefit disproportionately from that auto boom. I’m going to try and add to most of our positions across the board as we are getting through this earnings seasons with so many confirmations both fundamentally and trading wise.