The market has been strong since the beginning of June, giving us a new buy signal, which is always nice. We’re not dancing in the streets, though, because today’s big slump is threatening to take it away even before it gets going. Still, there’s no doubt that the overall tone of the market is much improved, so we’re recommending a new stock to buy and moving one stock from the watch list to a buy rating. Its a very interesting time, as nervous investors try to figure out Europe, the Fed and the U.S. employment market.
