How to Use the Spain News

 | Apr 18, 2012 | 3:46 PM EDT
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This market's predictability is disturbing. Just like Friday when we saw a last-minute selloff on worries about Europe, sellers came in because of fears of a bad 10-year auction tonight out of Spain.

I get that. Traders can trade around these auctions.

But I think that people are really doing themselves a disservice if they are using these auctions as anything but sales that are put on to buy quality companies that just reported earnings.

This is your chance, for example, to buy the growth stocks I have highlighted that have done well.

Tomorrow, you might get your chance to buy United Rentals (URI) or Intuitive Surgical (ISRG) at a discount to where you would get them otherwise..

That's how you use Spain. Not to go risk-off and risk-on or whatever the moronic hedge fund-speak is at the moment.

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