Turn Baby Turn


  • Demark indicators are calling for a rally starting tomorrow. I don't follow Demark but people like Steve Cohen do.

  • Today's Wall Street Journal Ahead of The Tape article was advising investors to play defense. Thanks for the scoop after six straight down weeks.

  • It strikes me that so many people are recommending selling tech stocks because the economy is slowing. Double digit free cash flow yields in stocks like Microsoft and CA Inc. make them priced for a depression. I am long both names.

  • I came into the year loaded up on healthcare names trading at double digit free cash flow yields. At the time nobody wanted healthcare because the economy was growing. They have been the best performing group.

  • My pet peeve is fundamental arguments that ignore valuations.

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