Today's action was pretty predictable considering what happened last week. We got what appeared to be a oversold bounce. When I say oversold, I mean very short-term. I still would like to see a few more percentage points come off before I like valuations. Plus, looking back over the past few months, Mondays have been very very good.
Some stocks I am close to buying: Loews, Forest Labs, and adding to Compass Diversified Holdings.
Not much otherwise to talk about today. I'll be watching earnings in these names tomorrow: COCO,CMI,FISV,MTW,NWSA,OESX,DOW,UPS.
Disclosure: Long CODI