Market not scared of the jackasses

The Teflon coated market is not scared of the donkeys. While there are lot of theme based pops in certain sectors, the overall action is subdued and the gap down was actively bought. The real picture will emerge in couple of weeks.

While it is tempting to get in to some thematic sectors, most of the moves which you see in them are short lived. For a move to translate in to long term move at a specific company level, there has to be a company specific catalyst like new product, new earning/sales acceleration, or shortages etc. Much of broader policy changes do not have the power to move stocks for long term unless it translates in to growth.

There are few good opportunities in the market. Here is what I am finding worth a closer look in today's action.

CECO,Career Education Corp
CMT,Core Molding Tech Inc
MRX,Medicis Pharmaceutical A
SRSL,Srs Labs Inc
SRVY,Greenfield Online Inc
TRMS,Trimeris Inc

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