Wednesday, May 04, 2005

The Big Picture: Bet the Jockey or the Horse?

Barry has a great take on the GM trade. Kerkorian made a lot of noise but it is not entirely clear why.

On the other hand, Cramer also has a good point; the short sellers have received a big jolt. The move of money out of bonds and into stocks sure looks like the expectation of a strong economy has increased.

I like to bet the Jockey but in this case this economic horse may be the big winner.