Market Sentiment Observer

I may post here relevant (in my opinion), and not necessarily recent, quotes. Rather than analyzing specific investments, I will attempt to focus on investors' sentiment regarding broader asset classes and/or specific securities. These will be my thoughts/reactions/questions, and they are not and should not be taken as investment advice.

About me

In particular, I am interested in investors' sentiment and valuation levels. Disclaimer: I work at an Investment Management firm. My comments on this site are not posted in that role, and no opinions of mine should be construed to be recommendations of or to reflect the views of my employer.

Friday, June 4, 2010

An Outlier

This, of course, does not mean anything and is just an observation. Only one component of the S&P 500 had a gain today. It was a biopharmaceutical company called Cephalon, Inc. (Public, NASDAQ:CEPH) and it was up 0.53%.

But the more familiar to some of us Krispy Kreme Doughnuts (Public, NYSE:KKD) fought its way up, too.
In today's brutal market, the maker of the Original Glazed was up 6.78%.

Can doughnuts provide a meaningful hedge in down markets? :)

The usual suspects (Gold, Treasuries) gained. Natural gas was also up.