Holy Dow - Fast Money Recap (6/5/08) - SA Editor Miriam

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Holy Dow - Fast Money Recap (6/5/08)
Jun 06, 2008 06:57 AM UTC

SA Editor Miriam

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
EXM		06/06/08	-87.78%	--
JCG		06/06/08	+16.20%	--
INTC		06/06/08	-17.52%	--
MSFT		06/06/08	+3.56%	--
WMT	n/a

Via Long Investment Ideas from Seeking Alpha:

Recap of CNBC's Fast Money, Thursday June 5.

Holy Dow: Wal-Mart (WMT)

Thursday saw a market-wide rally and with a triple-digit jump for the Dow on news of stronger consumer confidence. WMT reached a four-year high thanks to government stimulus checks. Guy Adami predicts the S&P 500 will surpass its point of resistance and reach 1410. Pete Najarian said the market-wide bullishness was “unbelieveable” and couldn’t account for it. Guy Adami pointed to record short interest in May, and says commodities and equities are coming back. Jeff Macke thinks investors are tired of bad news and are ready for a comeback.

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