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Tuesday, May 26, 2009

Joe Terranova CNBC Fast Money - Commodities

Joe Terranova came on CNBC's Fast Money Halftime Report today ( 5/26/09 ) and told viewers that he is bullish on the stock market. There is " tremendous resilience " in both the stock market and commodities. " The S&P 500 is back over 900 and stocks are going up on bad news again. "

If you look at Apple Inc. (AAPL), Google Inc. (GOOG), Research In Motion Ltd. (RIMM), and International Business Machines Corp. (IBM), with the S&P 500 above 900....you can get long these companies.

You want to be in stocks like technology and commodities with the market continuing to move higher

Nobody believes this rally but is a stock market that continues to go higher.

Commodities, Gold, Agriculture, Oil are all great sectors to be in right now.


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