Not much happening today except that we are down another 150 points on the Dow (no surprise, again because all we are hoping for at this point are bailouts, stock valuations getting attractive, and positive earnings estimates). But with the slew of negative data out today (check my twitter page under Top Traders), I am staying away. No reason to be buying stocks at the moment, especially as earnings season kicks off next week with Alcoa. If you had to, non/ cyclicals and healthcare names seem to be working- like CVS MO and TJX (TJX we own). But I would rather stay in mostly cash, (85%) and keep my powder dry.
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Past Featured Picks
Portfolio Reaches $400,000 Despite Worst Bear Market in DecadesAugust 1, 2022- Portfolio Reaches $300,000 Mark On Change Of Investment ApproachAugust 31, 2021
Portfolio Surpasses $200,000 From Post-Covid InvestmentsMarch 1, 2021
Liking Facebook’s Stock ($FB)July 12, 2014
Buying Copper & Gold Giant ($FCX)July 6, 2014
Target Nails Bullseye ($TGT)June 26, 2014
Buying Cheniere Energy ($LNG)June 4, 2014
Apple Wants Beats Audio ($AAPL)May 28, 2014
Buying Calls On 3-D Systems ($DDD)May 27, 2014- Really Liking Facebook Shares ($FB)May 25, 2014
