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Banks? No. Retail? Yes
Forbes Business
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1
4-4-2008 1:27 PM
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Forbes Business
says:
Trade Goldman for Wal-Mart is the mantra these days.
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4eef548e-304f-4da3-a736-d5e82e9f76fc/5ED93B2E-5B13-4D17-9053-9F962E3CEE80/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://bloomberg.com/apps/news?pid=20601087&sid=anoqHYDxyRfA&refer=home" href="http://bloomberg.com/apps/news?pid=20601087&sid=anoqHYDxyRfA&refer=home" style="font-size: 11px;">bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601087&sid=anoqHYDxyRfA&refer=home">Buy Wal-Mart, Sell Goldman</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601087&sid=anoqHYDxyRfA&refer=home"><P> April 4 (Bloomberg) -- The best trade on Wall Street these days may be buying <A href="http://bloomberg.com/apps/quote?ticker=WMT:US">Wal-Mart Stores Inc.</A> and companies whose earnings will increase as the U.S. economy recovers, while selling the banks that were behind the subprime market meltdown. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601087&sid=anoqHYDxyRfA&refer=home"><P>An investor who shorted, or borrowed and sold, $1 million of <A href="http://bloomberg.com/apps/quote?ticker=GS:US">Goldman</A> in January and February and used the profit to buy Wal- Mart shares in March would have made $224,000 before transaction costs as of March 31, or an annualized return of 90 percent. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601087&sid=anoqHYDxyRfA&refer=home"><P>``The U.S. economy's had its ups and downs, but for all that's gone wrong there's a tremendous amount of personal income being generated,'' said <A href="http://search.bloomberg.com/search?q=Michael+Aronstein&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Michael Aronstein</A>, 54, president of Marketfield Asset Management LLC and a 29-year veteran on Wall Street. ``There's activity going on and in some sectors it's proceeding with a lot of vigor.'' </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5ED93B2E-5B13-4D17-9053-9F962E3CEE80/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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