Sold half of my position in BIDU at the open at 138.69. My target in fact is here, but there seems to be such rampant strength in this stock I've decided to keep half on and see if it keeps going higher. Especially as the market seems hell bent on ramping higher on a daily basis and has totally discounted all Japan woes and the middle east.
It is my belief that there purely isn't much else out there to invest in with attractive yields which makes putting money into stocks the only viable option.
Non farm came in above 200k for the first time in years, to help propel this market higher, but I think this has also coincided with the first day of the month when portfolio managers are ramping up stocks with the influx of new capital.
Next week we potentially have a rate rise out of the EU, and possibly the UK, so could be very exciting.
Have a nice weekend!
Subscribe to:
Post Comments (Atom)
Front month WTI Futures plunges to negative $37 as storage costs rocket
It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...
-
Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
-
In the previous ECB meeting we had a split decision on whether to cut rates further or not but today Mario Draghi said the council decided ...
-
With the raft of poor data out this morning, we got some strong selling pressure in all parts of the curve. The 2s-10s spread hit an all tim...
No comments:
Post a Comment