Wednesday, March 4, 2009

The big market rally

The market had a nice rally today off of the news of the China stimulus plan. Big Lots up 2.57, ADC Tel. Com. up .75, Celanese up 1.69 or 22%, Massey Energy up 9% some big movers today. When it comes to movers lets look at GE down as much as 16% today, but there was alot of insider buying. Coke also had a large number of insiders taking advantage of lower prices. Oil up to 45.38 and gold down to 906.10. I think a stock to watch is Amazon.com with news of the soon to be released hand held Ebook readers. What does all this mean? Well I think it's simple, we just need to keep our eyes open for the opportunities that are out there. I think companies like Dell or even Disney could be our next stocks to double over possibly the next year or to year and a half. Oil leveling out around sixty by years end is a safe bet. Even for the safer bets several ETFs look very promising. Target and BigLots both to open several new stores this year two good ones for the long term. The over all economy bringing the market down, I think creates great buying opportunities for the soon to be retired or the kid just getting started. Now is the time to get at it.

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