|
Stock symbol 6702 not yet supported on Stock Buzz.
Six stocks for a difficult market: Reiterating the Fab Five (plus one) |
|
| Jul 09, 2008 06:06 PM UTC |
|
Tracked Blogger
|
Via BloggingStocks:
Filed under: Nucor Corp (NUE), Freep't McMoRan Copper (FCX), Stocks to Buy, Potash Corp. of Saskatchewan (POT)  The U.S. stock market's summer doldrums continue. Wednesday saw the stock market register another data point of ignominious distinction: the S & P 500 entered bear market territory -- a drop of more than 20% from its October 2007 peak. One would like to make a case for a rebound for the S&P 500 and the DJIA, but current economic fundamentals (unfortunately) make a stronger case for the opposite: sky high gasoline and oil prices, declining disposable income in several income groups, rising inflation, the worst housing market in more than 15 years, the probability of additional, substantial mortgage-backed asset write-offs, more than 400,000 jobs lost in the first six months of 2008. The prognosis: tough times ahead for the Dow. Let's hope it holds psychological support at 11,000 or technical support at 10,750. If the Dow doesn't hold the above support levels ... well, let's not go there. Instead, let's focus on the positive. Are there any decent plays in these difficult times for the market and economy? There are, for investors who can tolerate moderate risk or high risk, and who not interested in a short-term trade of six months or less. These are longer-term investments where the goal is a double-digit, average, annual, total return on equity over 3-5 years. Investors should also be capable of tolerating a 20-25% pull-back. Continue reading Six stocks for a difficult market: Reiterating the Fab Five (plus one) Permalink | Email this | Comments<map name="google_ad_map_145-1250727"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1250727?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
Read the rest of original post »
|
Add Comment
Be the first to comment on this story and earn 2 points.
Your Comment
|
|
IN THE PRESS |
|
|
|
|
|
|
| About | RSS | Feedback | Contact Us | Terms of Service | Privacy |
© 2009 FinancialContent Services, Inc. |
|
Data powered by FinancialContent. All Rights Reserved. Quotes delayed at least 20 minutes unless otherwise indicated. |
|
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. |
