Wells Fargo and signals

Ever since this market downturn started, we've all been looking for signs of the bottom. There's been a lot of mixed signals, fake gov't assisted rallies, and lots of noise, but the news of Wells Fargo's profits based on plain old mortgage lending is the first truly good news for me. I don't want to go all CNBC/Cramer on the club, but I'm going to call the bottom on March 9! (recorded on the blog for posterity as a prescient call, or ridicule). We all need to make a stand at some point to make money in the markets. I am personally going to take on more beta and look for alpha sectors.

Up until Thurs, we were doing well with the QQQQ for GS/Lulu trade, keeping up with those two with lower risk, but then those high beta stocks really worked on Thurs to the tune of +10%. I think DE and SLB has (and will) keep up during the panic buying phase of the market recovery, but as I mentioned before, I think there will be new market leadership. So let's look for that.