Friday, July 16, 2010


Kass added to his C, BK and WFC positions today; I'm thinking very hard about getting back into C again, now that it's under 4 again.

LNC is looking more and more compelling as it falls.....

It still remains my view that the S&P 500 has made its low for the year, but, from my perch, the developing downbeat economic conditions may trump the nonrecurring events at BP, GS and AAPL.

I anticipate a 2010 S&P range of 1,025-1,150 over the remainder of the year.

long AAPL