Weird, throughout the whole article Smith says the collapse in Europe is imminent and this bounce should not be traded, yada, yada, and then the last paragraph talks about all the good stocks to own Long.
"With odds like that, Smith says he's happier not trying to trade this bounce, but prefers the opportunities he sees as "steady Eddie type businesses" that are well run, produce solid and reliable cash flow, and revenue that can stand up to a protracted European recession. Names like Rockwell Automation (ROK), Honeywell (HON), Ingersoll-Rand (IR), and Boeing (BA) all make the cut, as do the Telecom and Cable TV groups. And of course, dividends are always a welcomed contributor toward total return at Fort Pitt."
... is the fact that MTGE and AGNC fit his desired stock criteria better than the stocks he listed. Bumped my MTGE holding up another 3,500 shares, Doc ... gotta pay for those vacations.
So much for the Telecoms "holding up" under adverse market conditions. We are up 200+ today and these are tanking. Taleb was right, these financial "experts" are no better than chimps throwing darts...;-)