DOW JUMPS 150 POINTS IN 20 MINUTES:
The headline: After a Wild Day Where Dow Dropped 79 Points, Dow Rallies to 150 Point Gain in Final Moments of Trading.
Eric Bolling says if you don’t have to – don’t make any big bets right now. He adds if you have to buy financials buy Goldman (GS) and short Citigroup (C).
Pete Najarian says the put to call ratio on the Financial Select Sector SPDR (XLF) suggests to him there are no bottom pickers in the financials, yet. He agrees with Eric that investors should stay out of the sector.
Also Pete explains late day buyers were snapping up United Technologies (UTX), Boeing (BA) and Johnson & Johnson (JNJ) as well Juniper (JNPR) and Cisco (CSCO). He says these are all good stocks.