Investors Show Some Appetite

 | Jan 24, 2012 | 4:17 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:




Boy, has the world changed. Most of the European markets were headed down, some down hard early this morning, on a series of disappointing quarters. We had worries across the board in the industrials and the techs, and some people, of course, were worried about the banks, given that Greece was still hanging out.

It was pretty easy to see how we could start crafting negative scenarios, given that some of the earnings were just pushes, and others, such as McDonald's (MCD) and Verizon (VZ), were actually hailed as negative.

But it didn't matter in the end. There is so much money pouring out of bonds and into stocks, so much money going toward tech and industrials, so much money going into discretionary stocks, that the dip was used to buy. Plus, when you have tech theses with gravitas -- the cloud, the semi bottom, the cellphone sales -- then you have lots of people salivating on any weakness.

So many people were saying you have to take profits or you have to wait for a pullback that I think that sideliners got nervous and used even this mild dip as a chance.

And the next thing you know, the momentum was all bullish into the close.

Columnist Conversations

The OIH(Oil Service ETF)is up another 2.5% this afternoon and is now up over 21% from last Monday's close...
Again for emphasis. An important top was likely established in the first half of 2015. Last week might have be...
A few weeks ago I mentioned the massive lockup release to come, on Sept 20 BABA will have over 1.6 bill shares...
I've done quite a bit of work on $FCX and other commodity/mining stocks in the last few months SeeStick With R...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.