Serious Money: Jumpy stock market but Special 'K' doing fine - Sheldon Liber

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Serious Money: Jumpy stock market but Special 'K' doing fine
Nov 02, 2009 07:20 PM UTC

Sheldon Liber

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Symbol	Sentiment	Start	Return	Closed
K	n/a
BND	n/a
CIT	n/a
F	n/a

Via BloggingStocks:

Filed under: Major movement, Analyst upgrades and downgrades, Rants and raves, Ford Motor (F), CIT Group (CIT), Kellogg Co (K), Serious Money, Headline news, DJIA, Federal Reserve, Vanguard Total Bond Market (BND)

What a week it was and it is starting off with more of the same! The day before Halloween the market gets spooked. The Dow drops 200 one day, rises 200 the next, and falls 250 to close the week. Yes, financial pundits could point to meaningful stories about the dollars rise, consumer spending sagging, the recession ending and so forth to explain market reactions but there is more to it than that.

Even among the 15 positions discussed in Where should granny put $50,000? only the Vanguard Total Bond Market exchange-traded fund (NYSE: BND) and the Kellogg Co (NYSE: K) were up last Friday. Good thing I advised "granny" to put half her funds in the ETF.

Continue reading Serious Money: Jumpy stock market but Special 'K' doing fine

Serious Money: Jumpy stock market but Special 'K' doing fine originally appeared on BloggingStocks on Mon, 02 Nov 2009 14:20:00 EST. Please see our terms for use of feeds.

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