August 28, 2015

Buying some stocks today

The conventional view is that after this week's schmeissing the market can't rally from here on a Friday, as who wants to be long over the weekend?

I would say, by contrast, if there is a growing likelihood of a Chinese "shock and awe" over the weekend and in light of the magnitude of the drop, who wants to be short over the weekend?

I am judiciously adding to banks and selected longs this morning.


Position: Long WFC, FITB, FMER, RF, C, MSL, SONA, EFSC, STL, MBFI, JPM, BBT 

ShareThis