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Even Junk Is Rising; Time to Part With P&G: Best of Kass By Doug Kass | Apr 22, 2016 | 09:00 PM EDT

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.

Bulls 10-Bears 0.

At 3:00 p.m. ET we were at the highs of the day. Nary a downtick from the market lows. Short covering, programs and long buyers. Even junk is rising -- e.g., Sears Holdings ( (SHLD) ) was up nearly 9%.

Keep an eye on temporary job hirings.

Hanson hates housing.

  • The U.S. dollar strengthened a bit today. Consumer nondurables felt the pain of the currency rise and the KO miss. I sold my long Procter & Gamble ( (PG - Get Report) ) and took it off my Best Ideas List today. PepsiCo ( (PEP) ), Kimberly-Clark ( (KMB) ) and KO all were weak.
  • Crude oil rallied despite fundamental news that could have taken it lower. It was $1.43...