Saturday, May 22, 2010

Ship is not finally sinking

On Friday, we saw some steadying of the market ships. SPY, DIA, QQQQ all close above the Open in positive territory.

Still there is a bit of pessimism but I think we are about to come out of the Sacry pits here and see some good sunshine. As Barron's pointed out last week
http://online.barrons.com/article/SB127387506735591845.html#articleTabs_panel_article%3D1

Most of the big U.S. companies became lean from last year's recession. Their operating expenses have become lean and now the Profit margins are also growing nicely as costs of commodities or Cost of Goods Sold on Income statement have come down and are staying down.

A lot of S&P 500 companies are gearing up to accelerate the spending, hiring, investing and acquiring that most companies curtailed amid the credit stress and deep uncertainty of the recession.

With earnings parade starting and options expiration week behind us. Lets look at Monday to start dabbling back into the markets.

I will start posting some of the strong comeback stocks that can make us all good money.

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