Patroller, Market Still Looks Very Shaky to Me.
Economy, too. Equity money flows still show the
money's going in the wrong direction. The week
prior, $5.8 billion got yanked out of stock funds.
Europeans have been selling as well. To do well
in this market you have to turn your beliefs
upside down...in the discrepancy you point out,
between JBL & FLEX, instead of hedging a long
on Flex with a short on JBL, you'd be better
off shorting JBL and hedging it with a long on
Flex, or some other EMS. Flex was once the
darling on Wall St. Now, in all Wall St.'s
fickleness, it's treated like a pariah. Actually,
come to think of it, it's got a lot of company
there!
Good luck to all.
Regard, Peter. |
