Mid day thought:
Bernanke’s continued pledge to keep rates low was a blast off point for high yielding stocks. Telecom stock charts look like tech stock charts over the past few days and today with some exploding higher, it almost looks like a blow off top but, with no where else to get a decent yield, they may keep their bid a while.
be careful out there!
At the time of this writing, I or my clients own the following investments or related investments mentioned in this column: None
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