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  • High Yield Blue Chips Set to Rally? [View article]
    "The fact that money is going into High Yield funds further supports the notion that an economic turnaround is underway and the worst is behind us."

    Only when there have been consecutive months of *positive* job growth, then an economic turnaround is underway.

    BP is in a technical rally, just like JNK or C. There are dozens of articles about demand destruction for crude & n.gas. I am long BP, CNK.PR.E, DXO, and GMXRP -- I bought BEFORE the rally. They are good investments, but it is better to buy shares on sale. I am slowly moving into cash and will buy more BP if it goes back under 42. Until oil consumption is up and reserves move down, their upside is limited.
    May 12 10:31 am |Rating: +3 0 |Link to Comment
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