Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Financials Poised for Late Summer Rally?

By

But beware the bleating goat...

PrintPRINT
"It's not often that you will hear a goat bleating for no apparent reason, and if you do, it most often signals that something is wrong. Act immediately!"

I took those 2 sentences directly from GoatWorld.com, and if you trade financial stocks, they're stone-carved keepers. There are certain resources I always keep on hand. I can't disclose them for competitive purposes, but you can bet, for reasons that will soon become clearer, Goat World.com is one of them.

The song of the goat. Most Americans have never felt it, and make no mistake: It's not so much a sound as a feeling - the stomach-twisting churn of the bleating goat. So naturally, they have no idea what to do when it arrives. These people do not trade financial stocks, however, and so they're on their own. I cannot help them.

The Ancient Greeks knew, and feared, the song of the goat. And they had the good sense to capitalize on that knowledge and fear by creating an entire industry around it, one that would make Hollywood's vilest cretins and debauchers scream in horror and moral outrage. I'm talking about Dionysian satyrs, half-man, half-goat mutants, engaged in frenzied orgiastic rituals, the very foundation of which the Greeks turned into theatrical spectacles they could sell tickets to; tragôidiâ, tragedy; translated literally, the song of the goat.

For traders, the tragic spectacle du jour is in the financials. Year-to-date, the KBW Bank Index (BKX) has plunged 30% - a train wreck. But the important thing to understand about trains is this: Despite being bound by rails and lateral immobility, they're an important mode of transportation for hoboes.

Since July 15, the BKX is up nearly 30%. In the business, they call that kind of move a hobo's road stake, just enticing enough to keep you out of the bone orchard, but not enough to elevate you back to the main drag. CONTINUED ON NEXT PAGE...
< Previous
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE