Thursday, March 5, 2009

An investment day that makes you go WOW!

I think we'll just look at the highlights today. To start things of the Dow and the NASDAQ both down around 4% the S+P down 4.25%. Oil at 43.63 down 1.72 gold at 933.20 up 26.00. The loser list could go on all day but MS, JPM, AIG, GM, and F are the big names. I think the jewels right now are GE and WalMart. Dow down 14 of the last18 cessions. The S+P had 3/4 of stocks hit 09 lows. Tech stocks have fared well this year compared to the rest of the market down 20% compared to 40% stocks like Ciena and Adobe. I think a good addition to the portfolio is maybe more health care. Names like Pfizer, Athena health, Lab Cor and even United health. Most have strong foundations and lots of cash or new things on the way. Just a reminder 8:30 tomorrow employment report so lets keep an eye on it and maybe make some good buys on a dip or get rid of the weaker stocks on a bounce. Things are kind of crumby right now but its a traders and the long term investors market. The good news from China yesterday and the rewording of it today with GM and their news release wiped away yesterdays gains but tomorrows another day.

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