Wednesday, July 16, 2008

Short-term Bottom Is In

Good earnings from Wells Fargo and a drop in oil prices have led to a great rally in the financial stocks today. Expect this rally to continue for the next month as stocks are way oversold and short interest and pessimism are at record highs.

Oil, agriculture, and metals all headed lower today. These stocks will be bargains in the next couple of weeks and can be picked up at good prices soon.

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