|Written by GSCR Staff|
|Friday, 15 June 2012 12:11|
Question: How can you tell summer is here? Answer: Volumes in the stock market are down materially from Thursday to Friday.
While looking at a bunch of different stocks, size-wise, business lines, etc. it is painfully obvious that the little conviction in the market is being replaced by some apathy and speculation. It is odd that these two go together, but they tend to move in lockstep from time to time. For the past few days some of the biggest movers (primarily winners) in the market have been those companies based abroad, including Greece, China, and Latin America. Most of these moves are based on speculation, rather than valuation.
Don’t buy into the hype. Stick with the U.S.-based stocks that have nice momentum and good fundamentals, not just the questionable prospect of catalysts.
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