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December 2, 2008
One Word: Autos
Apparently you only had to do one trade this year to re-make your horrible 12 months into a decent one: Buy auto stocks ten days ago when people briefly thought they might not be bailed out. Check the following:
Ford has done a 123% run from the trough of despair, and GM a 70% climb. Turns out that this contrarian thing can pay. One day, of course, something big will be left to fail and a lot of investors betting on a bailout will get hurt, but this apparently isn't the one.
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