The market is drifting lower with a little help with some comments from ex-Fed head Alan Greenspan on the wires. The comments are pretty benign, but any time the subprime problems are even acknowledged by someone close to the Fed, it spooks the market a bit.
We still have very strong breadth, but the indices are red, and many of the major sectors are acting poorly. For some reason there is some underlying buying interest in smaller-caps that is keeping breadth perky.
The CPI number in the morning looms very large, and it looks like some market players are moving to the sidelines rather than betting on a good number.
P.S. Will you be there when Cramer makes his next move?
Strong brands and companies with vast market exposure can help bolster your portfolio. Jim was able to lock in a 64% gain by buying Ingersoll-Rand at $13 and selling at $22.50. Action Alerts PLUS members were the first to see these moves. Were you among them? Get Free Access Today!
Rev Shark Blog Buyers Cautious Ahead of CPI 3/15/2007 11:58 AM EDT Tomorrow's report is likely to produce a strong reaction.
Rev Shark Blog Small-Caps Lead the Climb 3/15/2007 10:29 AM EDT Speculation is rife as traders keep the upside going and try to tempt the skeptics on the sidelines.
James "Rev Shark" De Porre is the founder and CEO of Shark Asset Management, an SEC-registered investment advisory firm. He also operates sharkinvesting.com, an interactive online community that serves and educates active investors. De Porre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former tax attorney and CPA. He lives in Anna Maria Island, Fla., with his wife and two children.Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Rev Shark appreciates your feedback; click here to send him an email.
RSS FEEDS
PODCASTS
