There are a few interesting trading notes today: 1) There`s more to life than downgrades, Fitch says Poland outlook may be raised in ‘medium term’, ‘no fears’ of recession, deficit plan reduces pressure on rating A- 2) Volumes are drying up fast, Japan volume was the lowest since 2008, 3rd lowest since 2005 – Nikkei added 40 points overnight – it may be an interesting long play for 2012 3) Jefferies Group, Inc. (JEF) is trading at 12.40 (after closing at 11.80) after this morning’s earnings – banks/ financials may perform well today 4) The S&P 500 opened near the highs and sold off during the trading day for five straight days – lately, if the market is open, traders are selling – I guess today we will close near the day`s high 5) There a few stocks that are very oversold and likely to bounce…my favorites are Mosaic (MOS) and Bank Of America (BAC) 6) On the presidential race, A new poll from Public Policy Polling shows that Ron Paul has taken the lead in the Iowa caucus race, while Newt Gingrich’s support is fading fast. A different Gallup poll shows Gringrich still holding the lead, but slipping, while The New York Times has Paul in the lead as well – all in all I expect Obama to keep the White House And because there`s much more to life than trading I will leave you with the Ferrari 458 Italia
