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Zacks #1 Stocks on the Move 06/19/2013

Company Name Symbol %Change
SONIC FOUNDR SOFO
4.40%
SUPPORTCOM I SPRT
3.75%
UNISYS CORP UIS
3.31%
SHORETEL INC SHOR
3.22%
GREEN MOUNTA GMCR
3.13%
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PROFIT from the PROS

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Dear Subscribers,


Coming into Presidents Day the market was up for the 3rd week in a row. So all the folks long the market are counting up more money (aka dead presidents ;-) And all the folks short the market keep praying for a correction so they don't keep looking so foolish.

When will the market go down again in a meaningful way? Here is the playful theory rolling around in my head. It will happen when every last bear throws in the towel and jumps on the bull bandwagon. At the zenith of that move stocks will finally be ready to correct. And in the distance you will hear the market gods laughing themselves silly on how they tricked everyone again. How will it really play out? Your guess is as good as mine. But until there is a serious fundamental reason to be short the market, then I will keep riding the bull to new heights.

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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