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Curses! Foiled again! So much for ease of access to accurate information on the compensation your corporate officers are recieving . . . "Due to an accounting loophole for stock options and an eleventh-hour rule change made by securities regulators just before Christmas." Sigh. Read the full story by David Cho and Carrie Johnson here at The Washington Post Online. |
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Neubert's Trades Look Out for More Recession News to Quell Panic Rally
Neubert's Trades Look Out for More Recession News to Quell Panic Rally
| Look Out for More Recession News to Quell Panic Rally |
| Written by David Neubert | |||
| Monday, 24 March 2008 13:43 | |||
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Today the Chicago Fed released notes on the economy showing a decrease in U.S. economic activity to the lowest level in five years. This indicates the recession may have already begun. Watch for more recession news to end this stock market rally as analysts look for earnings decline. I'm taking some profits on some of my financials into this rally a bit while nibbling at long term bargains like United Technologies (UTX - $69.77) and Apple (AAPL - $139.40). I think I'll have a chance to buy UTX and other industrials in the next few months at better prices as well. Disclosure: I own UTX. I sold half my position in both FNM and FRE last Thursday. I own AAPL and added to the position today and last week. I may write some short term out of the money calls (160-170) against AAPL if it continues to rally above 140. Site Disclaimer.
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| Last Updated on Monday, 24 March 2008 14:44 |
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