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Two Ways: China's Great Wall of Exports


Strengthen your portfolio in good times and bad.

Global stocks could rally for another few months due to China's economic growth engine. So says Stanley Shopkorn, former head of equities trading at Louis Bacon's Moore Capital Management.

According to Bloomberg, Shopkorn believes falling inventories will lead to increased demand for Chinese exports, which could pump up the country's second quarter GDP to as much as 9%. Now a partner with Hilltop Park Fund, a hedge fund based in New York, Shopkorn says the rally "could have legs over the next several months" as central banks around the world have been doing all they can to boost spending and help the global economies.

Shopkorn warns against the old adage of "Sell in May, then go away," saying that it should be met with a bit of skepticism this year. But he does note that all the activities by the central banks isn't enough to create sustainable economic growth or a long-term rally in equities.

See Mr. Practical's My Reality.

From the Bull Pen: Will solar plays be heating up on an increased bid in the alternative energy sector? One can consider Sunpower Corporation (SPWRA). Those bullish can set a sell stop near $25.50-26.

From the Bear Cave: On the Buzz and Banter today, Minyanville professors identified the next significant point of resistance for the S&P 500 near 950. That could be the next best downside opportunity, if and when we get there.

Okay, Minyans. Have a great night!
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No positions in stocks mentioned.

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