Taken from the SA Advisory:
Market Comment
The blood runs red and we love every minute of it. Whether you like it
or not, the markets are going to head higher and last week's "flu"
symptoms will lead to a market recovery and the bullish vigor will
return, especially in the heavily beaten down technology sector. We have
not been this aggressive in years and we are shoveling HIGH quality
technology into our accounts.
The herd is always wrong and when emotions get involved, the panic sets
in. It looks scary, but in reality the real risk is just to sit on the
sideline and wait for the calm. We like at current levels, AMAT, EGLS,
APM, SUNW, CY, RDRT, SGI, SPCT, TQNT and one closed-end mutual fund,
namely Templeton Dragon Fund (TDF) - see recommendation within.
PS: Starting to just look at Russia again. It has dropped over 25%. We
are watching Gazprom, LUKOY and TRF (remember, we blew this out at
almost $62.00. It now trades at $39). |
