Why everybody loves Media Stocks so much...?
It seems like people can't get enough of media stocks.
Last Friday I reported here SALM was up 17.9%, EMMS up 11.2%, CMLS up 8.8%...,
and today, again, media stocks are on fire:
SBSA up 10%, EMMS up 8%, GTN up 7%, SALM up 6%, SBGI up 5%,...
Right now, the portfolio of 14 media stocks (which you can see in the link above) is up 44% since it was created back in October of 2009.
Just today, this portfolio was up 3% (after being up 4.5% last Friday).
Who says market has been kinda flatish last few days...?