I don't like this market. It can't make up its mind. Things were starting to look promising last week, then Friday happened. And even today, intraday, we're seeing weird, indecisive trading action.
How come so many investors get mad that an index, which was designed to buy more of the best stocks and less or none of the worst stocks, owns more of the best stocks and less or none of the worst stocks?
Banks are considered one of the world's most important industry groups as they provide an excellent overview of the economic environment and overall risk appetite toward markets.
Today's trade is a bet on stocks making a run back towards all-time highs over the next 3-6 months. If you don't believe that's in the cards for stocks, then this trade isn't for you....
