I think that we may look back at today as being the time to get in if you missed it.The market is oversold and Alcoa kicked off the earnings season with a better than expected earnings report to hopefully set the tone for a good earnings season.Stocks that are over done to the downside that I believe will rocket here shortly are as follows
1.FLS Flowserve closed today at 62.37 A great play on global infrastructure (Stimulus money)
2.BGC General cable. closed today at 33.24 Biggest player in industrial wire...(Commodity prices low) Another infra play ..National electrical grid will need wire.
3.BAC Bank of America closed today at 11.84 Are flush with cash now so they don't have to worry as much about the bad paper they are sitting on ...It buys them time to wait and sit on it until the housing market stabalizes or start to appreciate.Remember the gains they reported last quarter....I think they report good numbers this quarter.
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