New information reveals that Spain has reached their highest level of bad loans in 18 years and their deposits are diminishing.
Last week, the country borrowed $124.5 billion from other eurozone countries to bail out the banks from a surplus of hazardous real estate loans that is hammering down an already sinking economy.
All this negativity would lead you in the direction of being afraid to look at your own portfolio but the results are going to surprise you.
Stocks are up and the market has rallied almost 800 points in weeks. Facebook is back over 30 and things on the home front are performing nicely. Just goes to show you that you should watch what the experts are doing instead of listening to what they are saying.
I just ran a great stock screen that shows you where the institutions are putting their money, where they are pulling it from and what they are shorting.
If I were to remove all of the common jargon, the simplest explanation is that things look STRANGE.
The Eurozone looks like our 2008 subprime market but stocks just keep pushing higher and the fear indicator pushes lower. To mean STRANGE has always meant: Keep Your Guard Up.
On a micro-level, the same thing is happening in reverse with AAPL. After flying through 600, the stock fell back below and even an 800 point market pop has not been enough to get it over 600. MSFT is pushing much closer to a 52 week high. Is the tech tide turning?
Either way, STRANGE means to keep your guard up.