Looks like its finally showing real signs of breaking down. Cash for Clunkers cant be good either if the stock has rallied on the bs notion that more people will be working on their own cars now and not buying new ones. This thing has rallied everytime it looked like it was on the way back down, anyone else following it? curious to what everyones opinions are. Thanks!
Money is coming out of defensive stocks and going into more risker stocks. Defense contractors got hit couple of weeks ago, McDonalds is getting hit right now I picked up a lot of their shares recently. Retailers are starting to come back down now. Appetite for risk has grown considerably, just look at BAC.