Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
After having a traumatic few months, the bottom fishing in commodity related stocks (and almost anything Chinese related) has begun in earnest today as the theme of “Chinese stimulus” is the call of the day. [Even as it’s denied by the Chinese] U.S. consumer confidence came in bad this morning – an 8 month low but the market is already onto its next intervention. 
Almost all stock market investing now has little to do with what is now but what world body will step in to aid in the future. It’s quite amazing really how different things are from even 5 years ago.
The S&P 500 is about 7-8 points away from that key 1340 level; the dollar has come in a bit but U.S. bonds are holding in strong.
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
