Yesterday's Rally: Good, Not Great

Eddy Elfenbein submits: Don't be fooled by yesterday's rally. It's good, but it's not that good.

Here are yesterday's top 15 performers in the S&P 100:

EL PASO CORPORATION (EP) .................6.41%
GEN MOTORS (GM).................................5.55%
HALLIBURTON CO (HAL)..........................5.05%
ALLEGHENY TECH NEW (ATI)..................4.69%
FORD MOTOR CO (F).............................3.90%
WILLIAMS COS (WMB)..............................3.87%
BAKER HUGHES INTL (BHI)......................3.57%
WAL MART STORES (WMT)........................3.50%
CHEVRON CORP (CVX).............................3.42%
SCHLUMBERGER LTD (SLB)......................3.31%
COMPUTER SCIENCES CP (CSC)...............3.18%
EXXON MOBIL CP (XOM)...........................2.90%
BRISTOL MYERS SQIBB (BMY)...................2.88%
BURLINGTN N SANTE FE (BNI).................2.50%
ALCOA INC (AA).....................................2.22%

It's heavily tilted to energy and materials, the two areas that have been feeling the most pain.

Comments

[UserThunder...:]

Yes.

Mar 16 01:48 PM