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Monday, March 19, 2012

LGF

If you've wondered why the market has rallied relentlessly since the first of the year, take a look at LGF and wonder no more. This is pretty typical of many former laggards that started getting a bid in January and just went on a tear, seemingly for no reason other than they were "cheap". Take a look at a weekly, or even worse, a monthly chart and you will see that, after crashing in 2008, this did just about nothing for 3 years, then decided to go on  a tear in January. I will bet that is you look at the other big gainers for the last 3 months, you will see something similar.

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