Thursday, May 21, 2009

Equity markets up tomorrow

...or if not that would not be a good sign at all. It's a long weekend, short sellers should be covering, Campbell's and Sears beat analysts' earnings expectation after the bell, and finding buyers like Blackstone, W.L. Ross, and Carlyle for Bank United happened quickly, no drawn out pain. There is now more focus on buying the best stocks rather than indiscrimately buying anything that had been severely beaten down. That's good for market health, or shouldn't it be.

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