Ditch the Story
Times like this are tough for traders who insist that their positions have some kind of story supporting them. Technology is strong and probably always will be, but it’s not going back to dotcom levels; China, everybody’s favorite narrative for this decade, seems sort of broken; the agriculture and solar stocks look ready to return to earth after a high-flying run; even oil is looking overextended. And it’s still not safe to talk about real estate or financial stocks. Tim Knight is…
Tuesday, May 27, 2008
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