Ready for the next market move
GS, Goldman Sachs Group Inc pushed for the BRIC economies in 2003 and they were right about it. But now these market have taken big hits. The suddenness and speed of the decline has caught many people in wrong position.
A 10% down move in market after a long move is just a healthy correction. Now Goldman Sachs analyst are calling this correction a result of " Bernanke Bind". The hypothesis is that he is underestimating the risk of inflation. Plus he has the credibility problem after his famous fling with Maria Bartiromo.
Now that everyone is convinced crash is just a matter of time, the market will have its own agenda and will not follow the anticipated script. So a tradeable bounce is the next likely move. I am nibbling at some longs and all ready with my buylist once the market tips it hand this week.
When the market bounces back new themes will emerge. Some stocks in beaten down technology sector look attractive and have not been dented by the correction. Keep an eye on GOOG and AAPL
Stocks up 50% or more in a month
IFO,Infosonics
LBY,Libbey Inc
MED,Medifast Inc
Stocks down 50% or more in a month
EDAP,Edap Tms Sa Adr
ERS,Empire Resources
ESCL,Escala Group Inc
FORD,Forward Industries Inc
NBIX,Neurocrine Biosciences
NMHC,National Med Hlth Card
Stock with all time high volume
ARWR,Arrowhead Research Corp
BWCF,Bwc Financial Corp
CORE,Core-Mark Holding Company Inc
CURN,Curon Medical Inc
EEM,iShares MSCI Emerging Markets Index Fund ETF
EWT,iShares MSCI Taiwan Index Fund ETF
EWW,iShares MSCI Mexico Index Fund ETF
EWY,iShares MSCI South Korea Index Fund ETF
EWZ,iShares MSCI Brazil Index Fund ETF
FXI,iShares FTSE/Xinhua China 25 Index Fund ETF
GGY,Compagnie Generale De Ge
IFN,India Fund
ILF,iShares S&P Latin America 40 Index Fund ETF
ITU,Banco Itau S A Adr
JAMS,Jameson Inns Inc
MTU,Mitsubishi UFJ Financial Group Inc
TRID,Trident Microsystems Inc
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