4 GARP Stocks for Precarious Times
by David Brown, Chief Market Strategist, Sabrient Systems
The S&P 500 moved ahead 1.5% today, seemingly oblivious to multiple global threats, a shaky domestic economic recovery, and a market that is still weak by most technical standards.
Market bulls found support at the right time and pulled another rabbit out of their hat. It’s good to have friends in high places, as the Fed’s POMO money continues to flow, including another $6+ billion today for the purchase of Treasuries (which tends to find its way into equities). Last Wednesday, I suggested that the extreme weakness might have been a selling climax, and it turns out that is was – at least for the short term.