market folly

Jeff Saut, Chief Investment Strategist from Raymond James, is out with his weekly market commentary. This week's edition is entitled, "Selling Stampede?" In his latest investment strategy, Saut re-iterates their cautious stance on the market and notes that selling 'stampedes' typically last 17 to 25 days and the market has only sold off for 8 or 9 days now. As such, they are cautious and note this old adage: "If the December low is violated any time in the first quarter of the new year, watch out!"

He also focuses on stocks that have shown relative strength amidst the weak market. In last week's commentary, Saut outlined a list of stocks that have fought off the negative market trend. This week, he specifically highlights Celgene (CELG) as a stock with the potential for a favorable future. For more of their favorite plays, check out Raymond James' analyst best stock picks for 2010.

Embedded below is Jeff Saut's weekly investment strategy from Raymond James via DocStoc:




And here it is via Scribd:




You can download the .pdf here.

For more from Jeff Saut, check out his recent thoughts on risk management, as well as his 2010 outlook.