Safe Trading Blog

Finally it occurs! As anticipated on the sentiment indicators, it was more likely that stock market could find a kind of peace with the recent FED actions and “not so terrible” LEH, GS results…

We play it throught consumer staples, health care and financial sectors (weighted portfolio)… More later. There is some open space on the upside now, even if we may expect some kind of chaotic moves. Do not hesitate to buy stocks when the flows, macro economic news and earning estimate revisions, run in the optimistic direction for stocks… even during a bear market, bounces can be violent and can happen with large amplitudes!

WMT, OMI & JPM on the US market / CA, SAN, & CS on the French market… We overweight WMT in the US basket and SAN in the French basket (*3 with respect to other positions)

This entry was posted on Wednesday, March 19th, 2008 at 1:01 pm and is filed under Stock Code Trading, US Markets, non-US Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.