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.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
