Many of the major retailers boomed today off the Fed's move. Institutional buyers came in a drove the prices higher. Are they in for the long haul? I don't know but what I do know is that this surge today presents itself with two options for our portfolio: 1) We start thinking about long term buying opportunities in the sector because the stocks are trading at discounts or 2) we short some of the stocks that popped today.
Let me know what everybody thinks. Here are some interesting stocks: Circuit City (Up 20%), Home Depot and Lowes (Up 10%), TJ Maxx (Up 4%) Nordstrom (Up 9%). I can't mention Circuit City and not say how much it sucks. Does anybody go there unless the closest Best Buy is in another state?
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1 comment:
Retail is ok.
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