But only for a few days before the market loses interest and moves on to some in you theme. Consider stocks like United Technologies, honey well and boeing and ppg been they were loathed. The market hated them so much that the they became incredibly oversold. Meaning they kept going down and down and down to the point where it seemed to be sunk. Then out of nowhere, a couple of things happened and the big Portfolio Managers, something changed their view from bear stocks to bullish in the blink of an eye. For starters, General Electric had a onetwo punch. Got the endorsement of nelson pells and the only one of his kind who, if you consistently followed him, you beat the market even if you bought the position after it was announced and after it spiked and he got involved buying a ton of stock. True to form gd stock has been roaring ever since. Last friday, ge stellar quarter, that was the signal that theres now an appetite for these down and out industrials, which youll be getting more f
Im francine lacqua. A crossroads for europe. Greece and ukraine face critical meetings that will determine their path for the next couple months. Lets get straight to our reporter on the ground. The greek Prime Minister, alexis tsipras, won a vote of congress a vote of confidence for his antiausterity program. Now, the tougher task of convincing creditors to a new agreement. Germany is showing no sign of backing down from its opposition to the new deal. For more, we are joined by hans nichols. You will be going to brussels later today. What can we expect from the meeting . We are going to get the formal presentation from Yanis Varoufakis on what he wants in terms of a bridge loan. What we expect is 8 billion in increase in the tbills, and an additional 1. 9 billion. Let me read you some headlines from the greek papers this morning. One, high taxes will bring recession. Another, new taxes for real estate and income. The eurogroup will either point to agreement or a rupture. At the same