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« Another Rough Day | Main | Bullpen IPO » January 23, 2008 Buy at 10, Sell at 3I have to admit that this is getting fun. The bears are getting smushed. The saying “buy on rumors, sell on news” should be replaced with “buy at 10, sell at 3.” These intra-day moves are huge. Would you believe the Dow is now positive for the week? Both Harley-Davidson (HOG) and Bed Bath & Beyond (BBBY) are doing well today. I’ll have more in a bit, but the Buy List is again ahead of the broader market. Stryker (SYK) reports after the close. Danaher (DHR) reports tomorrow and Harley-Davidson (HOG) follows on Friday. I’m still amazed at the surge in the bond market. The five-year got to 2.4%. The 10-year note bounced off 3.3%. Wow, even after yesterday, the Fed is still above the 10-year. Posted by edelfenbein at January 23, 2008 3:44 PM |
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