Wall Street Greek: Stocks Up 10.6% since Kaminis' February Call

Fidelity.com SPY Chart Reflecting Appreciation Since Kaminis Recommendation

Well, it looks like the market has absolutely no concern about the miniscule job growth reported for May, and is absolutely only counting on how it plays for the Fed… for now. Readers of my work know that I have been forecasting a Q2 economic pickup and am not a believer in deterioration. They will also be aware of my buy stocks call made back on February 18 and reinforced on February 19th, notably at the height of fear. But the market, I expected, would worry about such a poor economic data point, so I suggested investors should protect their wealth on Friday. Capital did shift back into safer sectors Friday morning, but risky bets returned into the close and to start this week. It seems greed is good for now and stocks could push to that 52-week high we thought we would reach last week. The most aggressive of risk takers may take further upside here on the greed-driven run to and possibly through the 52-week high, but I cannot recommend in good conscience new long stakes in risky equities now. There are far too many perils ahead for us in June and the margin of safety that existed in February has gone away. There are risks to this view (listed below), and they should be paid attention to as we progress forward. See this whole report on stocks here.

Security Sector	06-07-16 AM
SPDR S&P 500 (NYSE: SPY)	+0.1%
SPDR Dow Jones (NYSE: DIA)	+0.3%
PowerShares QQQ (Nasdaq: QQQ)	+0.0%
iShares Russell 2000 (NYSE: IWM)	+0.1%
Vanguard Total Stock Market (NYSE: VTI)	+0.2%
Financial Select Sector SPDR (NYSE: XLF)	+0.1%
Technology Select Sector SPDR (Nasdaq: XLK)	+0.6%
Energy Select Sector SPDR (NYSE: XLE)	+0.6%
Health Care Select Sector SPDR (NYSE: XLV)	-0.5%
Consumer Discretionary Select Sector SPDR (NYSE: XLY)	+0.1%
Consumer Staples Select Sector SPDR (NYSE: XLP)	-0.1%
Utilities Select Sector SPDR (NYSE: XLU)	+0.1%
Materials Select Sector SPDR (NYSE: XLB)	+0.2%
Industrial Select Sector SPDR (NYSE: XLI)	+0.5%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).