Deep Market Thoughts…SUIT UP! LISTS READY!
- Posted by Howard
- on January 13th, 2008
It is here. Not armageddon, but a leaky panic.
Everything in the financial and real estate sector is in crash mode. On Friday, American Express chose to dump everything in the kitchen sink into a write-off. It’s is now down almost 40 percent from it’s all-time highs.
The leaders are not involved in the panic so it’s hard to tell if we stop right now or we come down another range or two. It still feels complacent enough to get a big Dow move below 12,000. That would be a place where I would be buying FSLR, Apple, AMZN, Gold, Oil, RSX, CMG, WFR, CRM, ILMN, IBKR, NDAQ, and CME.
That’s my list for now.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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