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Bass Ackwards

I thought we were done with this backwards thinking. Yet it reared its ugly head again on Thursday as solid economic data means QE taper coming sooner which means that more chumps are bailing out of stocks.

AND WHERE WILL THEY GO?

Bonds offer too low of a yield. And their value will slip further as rates rise. NO THANKS.

Cash is still paying nothing. NO THANKS.

Gold is a store of money and with no inflation, then not much reason to rise. NO THANKS.

Real Estate has been tempting some folks out of the wood works. But rising mortgage rates may likely stall the advance in prices and thus dampen the investment returns. Plus not everyone enjoys the complications of this illiquid asset. NO THANKS.

So we are back to stocks being the belle of the investment ball. And when this consolidation is over, expect the bull market to continue with 1700 being a weighing station... not final destination.

Featured Commentaries:

•  Cracking The Refiners

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•  This Week's Growth & Income Stocks

Best,

Steve Reitmeister (aka Reity...pronounced "Righty")

Executive VP of Zacks.com

Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

First Interstate BancSystem (FIBK)

This bank recently delivered its 4th consecutive positive earnings surprise, prompting a flurry of positive estimate revisions from analysts.

 

Zacks Rank #5

Quiksilver (ZQK)

With declining revenues, profit margins and earnings estimates, investors should avoid this stock until its earnings momentum turns around.


Stock Picking Strategies

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Funds Commentary

Zacks #1 Ranked Global Mutual Funds  ››

Cisco Slump Drags Down These Tech ETFs  ››

Is the Worst Ahead for the Egypt ETF?  ››


Options Strategies

Determining the Correct Position Size with Options  ››


Video Reports

Gold Mining ETF Investing Explained

What is the difference between the many gold mining ETFs?

The Best Correction Indicator

What if you had just one technical signal to warn you before the market tops?

Roundtable Top Picks for the Week of Aug. 12th

Ideas for Airlines, Autos and Steel. Stocks covered include Tesla Motors (TSLA), Copa Holdings (CPA) and Ternium SA (TX).

Earnings HQ

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
ARMCO METALS HOLDINGS INC AMCO Aug 15 +0.04% +38.28%
AFFIRMATIVE INSURANC AFFM Aug 15 +0.10% +12.00%
THT HEAT TRANSFER TECH INC THTI Aug 14 +0.02% +10.11%
ANGLOGOLD ASHANTI LTD AU Aug 15 +2.56% +8.96%
RED ROBIN GOURMET BURGERS INC RRGB Aug 15 +0.77% +8.37%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
CHILDRENS PLACE PLCE -0.54 -0.53 Aug 22 2 +1.85
HEWLETT PACKARD HPQ 0.87 0.89 Aug 21 2 +2.30
HOME DEPOT HD 1.19 1.22 Aug 20 2 +2.52
BALLY TECH INC BYI 0.90 0.92 Aug 15 2 +2.22
TIFFANY & CO TIF 0.73 0.76 Aug 27 2 +4.11
Don't trade these stocks until you have read the Zacks ESP Guide

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