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Zacks #1 Stocks on the Move 05/23/2013

Company Name Symbol %Change
WESTELL TECH WSTL
6.67%
ALLIANCE FIB AFOP
5.10%
STEIN MART I SMRT
3.46%
MAXWELL TECH MXWL
3.03%
A M R CP AAMRQ
2.88%
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PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
--

The Waiting is the Hardest Part

Tom Petty was right. Waiting is the hardest part. Especially when you are waiting for European diplomats and politicians to get their act together.

Tuesday we got a preview of a potential plan for the Eurozone. The key ingredients are about a closer union which would move bank failure risk from the national level to European wide level.

European investors were unimpressed as bond rates continued to soar in Spain and Italy. In fact, the Italian 10 year now stands at 6.18%...the highest level since this new wave of fear began. Plus their stock markets came down after the news.

Yes, the US market ended in positive territory. But that was mostly just a relief rally after the massive drop on Monday.

Unfortunately the waiting is not over. Each day will bring a new round of headlines with immediate reactions. I still say your best bet to get a read on how things are going is the movement of the bond rates in Spain and Italy. Up is bad. And down is good.

Perhaps you should put a post it note on your computer to remind yourself ;-)

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Best,

Steve Reitmeister (aka Reity... pronounced "Righty")
Executive VP, Zacks Investment Research

 

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Today's Top Stories: Wednesday- June 27, 2012

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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