i think it is wrong to go long stocks that are under-performing. there could be good reasons why nobody wants them even as the market rallies.
We busted the double top. So how come we're not rallying? Europe closed around -0.40%. We may duplicate that. Assuming we do, that would be bearish or pullbackish? Any theories? I went 80% long this morning, BTW.
I really hope nobody went 80% long at the current levels. Absolute newbicidal. A good pullback to 1100-1120 could give a short-term swing opportunity, but not at these levels.
You're dancing the Twist when everyone's gone on to the Mashed Potato. But there's still hope for you. You might get lucky.
Many buyouts today: # Unilever to buy Alberto Culver for $3.7 bln # Southwest Airlines to buy AirTran for $1.4B # Wal-Mart offers to buy Massmart for $4.25B