That's the title of a fine Harry James song from the 1940s His band performed it best, but the musics and lyrics were written by Jules Styne and S. Cahn and the vocal was performed by Helen Forrest. That's why 1940s recordings are superior to anything that has been done since 1954. The 1940s era recordings combined the best of four difficult skills.
Anyway, the title stuck in my mind as I listened to it yesterday and I thought it applied to the stock markets and the economy. This morning it applies even more.
Babblevision has Sutty on again - he's still a bear. Beutel is still an oil bear. Another "strategist" was talking ... recession. Another was talking about divergences. A few days after the Fed rate cut and subsequent rally, I remember a hedgie calling the bounce up a "sucker's rally". Hmmm. Need I point out the S&P closed at an all-time high?
Back to basics. We need a second close in the new high territory to confirm the move as the pop Friday could have been beefer shorts covering. IF we get if, the bump and ground higher can last a long time as so many beefers are underperforming and aren't long enough. Moderate growth and low interest rates and disinflation is an extremely bullish environment for stocks.
It's a bull market. Buy dips on strong stocks & groups. Hold until something changes.
Subscribe to:
Post Comments (Atom)
14 comments:
Bunkerman...are you still exposed...in harms way in the heart land of terror or back safe in the bunker?
Bud...LDK should we continue to press all the way to 0? we should bet the darkside chicom feild, no?
STEC and MINI both are looking into a dark pit this morning if you have trouble going dark on china...won't take much to push them off a cliff.
STEC and MINI both are looking into a dark pit this morning if you have trouble going dark on china...won't take much to push them off a cliff.
CFC taking the sugar...will reload when Bunkerman gives the all systems go again on BAC.
I'm still in the heartland visiting Ma Bunker. I'll drive back to Massachusetts Tuesday.
I'm still wary of declaring the Rich Man's Panic of 2007 as over. I7d like to see October clear the decks on bank earnings and surprises.
But by the nhumbers, if we get the second close at new highs on the S&P, thatt would technically do it.
the second week of the month has been almost a no brainer to buy the DOW for the week this year...the week of large caps looks to be in play this week again.
I'll be surpised if this dip isn't bought.
Bunkerman...real buyers or virtual buyers...seems we are setting up to sell the news when earnings roll, the SPY a double top until it isn't...caution needed?
mind those $ndx gaps...spinny handbook never wrong col sanders.
oil and gold take a break and that should lead the tape, yes? need to support the fins, beefer paint rotation.
aren't earnings supposed to be bad?
maybe a buy the bad news.
I am cautious since I think the bears will give it another shot. Otherwise I'd be double secret margin.
bunkerman your VLO finally catching a bid....
GOOG over $600. Cramer price target $701. Sheesh what a wimp! When I pumped that stock over & over here I gave my price target at ... $900. Sigh........
Post a Comment