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Market & the Spanish Bailout

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Zacks highlights commentary from People and Picks Member «richardterrel».

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Market & the Spanish Bailout

Hi, The spanish bailout is a prime example of trying to forecast the market based on the news.  Most of the time the market is going to do what it is going to do and then find a reason why later. 

Earlier in the month the Spanish problem was ostensibly causing the market weakness in the US.  Well a bailout was announced and after a brief flutter the market shrugged it off and resumed doing what it wanted to do anyway.  

We have not outlawed The BLACK SWAN which can have a profound and long term effect but most of the time we have to figure out the mood of the herd and that will govern.  

The most recent picks by «richardterrel» are:
A buy rating on AT&T ([url=]T[/url]),
a buy rating on Edison International ([url=]EIX[/url]) and
a buy rating on PetSmart ([url=]PETM[/url]).

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