Toddo on TV: There Is a Season, Earn, Earn, Earn
Markets, movers and more.
Toddo takes a hard look at financial stocks, which were massively oversold in the intermediate and short-term, as well as off 60% on the aggregate since last year. Currently, the market's in the Darwinian-like process of weeding out the winners from the sinners.
Now watch this! Todd can't take his eyes off Google (GOOG), what with its stubbornly sticky market internals - a stealth bullish development.
The waters are no doubt muddied -- option expirations hangovers, the implementation of the short-selling rule, reactive traders -- but the market is slowly digesting the rally. It will likely need upside valuation in the form of earnings, so results from Apple (AAPL), Texas Instruments (TXN) and Caterpillar (CAT) should speak volumes.
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