Sometimes it is just not good to get out of bed. Long term investors and traders hate flip flops. Up one day down the next. No trend is no friend. I am still standing behind my recommendations and predictions made at the beginning of the year. When this market gets legs to the up side it will be when everyone thinks that there is no way in hell they would ever invest in stocks again. For the record, I was a broker in October 1987 when the market dropped 508 points in one day and the next day there was not market. IBM could not find a buyer at 15.00 a share. Most stocks just had no bids period. The market rebounded from around 700 on the dow to over 14,000 before that rally was finished. One of my clients became a millionaire on just 200 shares of Microsoft. Oh yes, I know this time it is different. It is aways different except if you buy when no one else wants what you are buying and sell when every wants what you have. You too will be a millionaire.
It is ugly right now and it will get uglier and there is no place to get a decent return without serious interest rate risk. ie: ten year treasuries etc.
Buy now, ford, general electric, P&G, Los Vegas Sands, Alcoa, Caterpillar, John Deere, Bank of America, Citibank.
But do not do not do not put a nickel in BP and for that matter do not buy their gas either.
Now become a member of my Blog and I will try better to keep it going. I just need to know I am not writing to myself. Look at the bottom of my profile for sign up information
I read your blog with interest, but sexy I'm not! Hope you're right about a comeback. I'm at the beach for a week and reading MSF's I ran away... again. Maybe I will finish it this week.
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