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Let’s run through some articles that every investor and trader should be reading. Here’s what I was reading and thinking about this morning.
Markets Rally On Improved Eurozone Sentiment and The Next Euro Storm Is in Italy – The Endless Euro Crisis is off the front pages again. That’s a bearish indicator, for what it’s worth. And, yes, the next time the Endless Euro Crisis dominates the front pages, it’ll be a buying opportunity just like it was the last dozen times. Which makes right now the time to panic about the Euro Crisis if you ever wanted to.
10 greatest market crashes and Stock Market Events That Mattered (Or Did They?) – Know your markets history.
Indicator Update: Earnings Disppointments on the Way? – Earnings season is upon us, and the question is whether the softness in most numbers is actually “disappointing”. The action so far says that the market is rewarding tangible growth and punishing real disappointment.
Dutch Tech Firm ASML to Buy Cymer for $2.6 Billion – Is a consolidation of the tech sector supply chain a new trend? With Apple and the other handset manufacturers driving costs ever-lower and the supply chain stocks stuck in neutral, perhaps this is an inevitable and also play-able trend.
Apollo tumbles 17% on weak results, downgrades and Electric Car Battery Maker A123 Systems Files Bankruptcy – I got my short AONE above $10 a share and we got short Apollo Group above $50 a share. Here’s my talking about both of them in the same post: “When we added AONE at the time it was right at $10 a share. We’re closing the A123 short position out today at 97 cents a share. I think the company will eventually have to recapitalize and that the stock will end up worthless, but let’s take our profits and look for the next A123 since I do think we’ve got some others in big trouble, including Apollo APOL.” Check and check.
Armstrong resigns at Livestrong, dumped by Nike – When will Lance just come clean? And from an investor’s perspective, does this matter to the stock? Do you know your Nike history?
