|Day Low/High||176.39 / 178.44|
|52 Wk Low/High||150.58 / 219.75|
Banks and industrials are deal-less sectors in a deal-filled world, and that is what's making them suffer.
If you insist on playing it, recognize the 50/50 nature of the scenario.
So far. Thus far, mixed earnings results this morning: Ford (F) better, General Motors (GM) misses top and bottom line, Caterpillar (CAT) beats but guides weaker, 3M (MMM) in line, Potash (POT) much better.
Recent data suggest economic expansion in the third quarter.
Old-line firms are getting a pass, but highfliers are getting crushed.
I have only heard fear mongering and anti-historical diatribes.
When the S&P rounds up the usual suspects, it makes homework useless.
But don't start taking positions in these stocks just yet.
It's none other than GE -- and I believe the recent downgrade is wrong.