Our “Terrific 10″ List of Utility Stocks that Pay Dividends
Bearish Investor Sentiment: A Contrarian Buy Signal?
The fact that Apple (Nasdaq: AAPL) – the largest market-cap stock in the universe — could miss earnings and yet stocks were able to shrug it off and rally huge today speaks volumes about the underlying strength in the market. When all the bears have left the building, only bulls are left.
Look For Risk-Off Trade To Gain Momentum Over Next Two Months
The average summertime correction in years when the market generally rallies is 11 percent and the average duration of the downturn is just under 3 months. Unless the economic data deteriorates further, look for a pullback of roughly average duration and severity this summer. Such a move would see the S&P 500 re-test the 1,270 to 1,280 support area and find a bottom at some point over the summer.