i am neutral on ncm. Stock market may look great last night but look at 10yr. Up 2bp. Do we really believe 2bp up reflects the chance QE3 being priced in? It's supposed to be down if bond market bought into that idea.
and come on, Gold up 1%+? It's supposed to have gone wild like up 50bucks if QE3 is really believed in.
still watch out with Gold and NCM. It sucks stock market still has to rally on bad-data-cheap-money scenario 3yrs after March 2009 rally.
NCM Price at posting:
$28.97 Sentiment: Hold Disclosure: Not Held
