What's the Deal?

Guess what's making new highs.....FXI,,,along with it, as a part of FXI's components we also got CHL and LFC making new highs. There aren't that many stocks making new highs right now, so this gives a clue to what is still being bought up. Why does Fisher investments have such a large stake in EWJ (Japan) if FXI (China) is growing in leaps and bounds? Looks can be deceiving, it turns out Fisher is the largest holder in CHL, which is a large percentage of FXI as a component.

I was watching some videos over at thestreet.com, and FCX (Freeport-McMoRan Copper & Gold Inc. ) has got to be the most pumped up stock right now along with Warren Buffets new stock USB (US Bancorp). The videos on wall street confidential are some of the best trading related videos I've watched. Believe it or not I've learned a thing or two from Cramer. I don't watch Mad Money because it is geared toward entertainment, but some of the stuff on thestreet.com is pretty informative and educational. For example, Cramer's explanation of what happens on Monday following option expiration may provide an edge in picking the direction of the market open for that particular day. To be good at this game, you got to know your opponents, just like a good gambler studies there competitors. I don't listen to Cramers stock picks, but I do follow his thoughts and the market psychology he presents on thestreet.com.

What's the deal with mortgage stocks. I hear radio commercials out here in Cali all the time for Beazer, Centex, and Countrywide. Are these companies going bankrupt, or is the 2 Billion dollar stake by BofA in CFC going to make a difference?

As far as I can see, there has been no big change in the market as far as trends. China and emerging markets are still kicking butt and the home building and mortgage related stocks are still underperforming.