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More Consumer Stocks Shake Off Credit Market Convulsions
Another day with a plethora of consumer stock breakouts, defying higher interest rates, ongoing problems with the PIIGS, and other assorted credit-related convulsions and algospasms.
The theory remains intact. The worst the economy gets, the faster consumer discretionary stocks go up.
In fact, there are almost too many to list today, but here is a handful:
And of course, who is on the leaderboard today?
The mortgage insurers.
And of course, that by default means a re-surgence of another housing boom, sending the homebuilders and REITs to new highs:
Now that the iPad release hype is over, and Tiger has given his pre-Masters interview, traders are now turning their attention to other important matters.
- Do skyrocketing interest rates matter to stocks?
- Does the Euro weakness mean something big in Europe is going to blow up? And will it matter?
- How about skyrocketing oil prices? Will they affect the consumer?
- Will Asian stock indexes break out again tonight?
- Butler or Duke for the NCAA championship?
Yes, all these are issues to consider. But there is one topic that is going to be No. 1, and that is the fate of Erin Andrews, who will be competing again on "Dancing With The Stars" tonight.
1) Who gets eliminated first? Pamela Anderson or Erin Andrews?
2) Will Erin's ESPN contract be renewed? Or will she drop it and move over to Hollywood?
3) Will the psychos continue to stalk her? Or will she have to run into hiding?
It really doesn't matter. Erin's opportunities are just beginning. Because with the epic rally in stocks this past year, there are a myriad number of benefactors waiting with gigantic offers, pay packages, or marriage proposals who are willing to remove her from her troubles and safely park her on the deck of a 200-ft. luxury yacht in the Mediterranean somewhere.
Those potential suitors include:
- Wealthy Russian oligarchs who rode the fantastic rally in the RSX and own basic material companies
- Wildly rich Asian industrialists whose have profited mightily from the China and Hong Kong real estate bubbles and are now paying $6,000/SF for gutted Park Avenue apartments
- Any and all senior executives at GOOG, AAPL, PCLN, BIDU, GMCR, etc. who are sitting on monstrous stock option gains
- Various and assorted rich international playboys, Iranian plastic surgeons in Beverly Hills, heads of state....take your pick....
All ready to profit from the coming economic boom, which always leads to a frenzied chase for the high ticket women.....
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You forgot the pending RBA Australian Rate Meeting tonight as one other thing that all these traders don't care about either.
Now that is a high quality, informational post
+10
Both Erin and Pam are pretty good dancers.
In answer to your query, however, it seems Pamela is a bit stiff and may be showing her age. Unfortunately, sexy can only get you so far. Pamela gets voted off before Erin Andrews does.
Either way, it is academic because the finals will come down to Evan Lycasek and Nicole the Pussycat Doll.
Nicole is going to take it all.
:D
Im buying me a hog and leaving for Las Vegas. Life is Bliss.
HOG baby! Jesus, I didn't think it was going to happen this fast. I guess BS' PPT thinks of themselves as regular Hells Angels ;)
Oh and Robo, what you got on SLW? Silver snitches!
CREE shot up 10% today on some UBS upgrade:
Party in small caps continues. Check out Spectrum Control (SPEC), up 16% today:
And oil is breaking higher:
Good news for all those Russian oligarchs looking to nab the next Miss Russia:
Long Au
Long Ag
Long Oil
Long Cree
Long Farms
Remember Leo???
I remember...good call on CREE.
Any news on the Fed meeting? Someone on Bloomberg said that a discount hike would be positive for stocks (any doubt?) because it would show that the recovery is on solid footing. I wonder if he would think the same if they hiked the FF rate.
I'm long both right now.
and there was a partay at MGM too
http://www.youtube.com/watch?v=AU5aVAl7Br4
What happens if people get a funny idea and decide to sell al those 'equities'? Have to back up a minute I guess, since I forgot Gethner is the only one who owns most of it, the rest is parked in 401K's and pensions. So all is well...until it suddenly isnt.
Roman Arkadyevich Abramovich
that is who i think erin should go for. he is perfect. forbes #9
lots of fun, he probably can dance with her. got a crib in aspen and the yachts.
I STILL don't comprehend why junk, teen retailers, insurers, financials and retailers rise WITH the good stuff. Why gold rises WITH this effluent. Why what I would assume are safety plays - metals, ag, energy - have to follow this crap upward...
And the lemmings FLEE to the same junk when risk aversion returns!
Isn't this bass-ackwards? In times of 'trouble', why don't 'investors' flee to - as Faber put it - "stocks with unimpaired fundamentals"?
Only when this mass psychosis changes, and the FEAR of actual CAPITAL LOSS enters the heads of investors, will sanity return, I guess...
Miss Russia wants to be a bond girl. She must know they are smarter than the equity guys
What have i been doing waiting for shorting opporunities?? i must be insane.