Archive for October, 2010

C, Buy or No Buy stock pick

Monday, October 18th, 2010

The C earnings are  very confusing, but one thing has me saying not to buy this one:

“C made earnings by releasing funds they had set aside for bad loans”

Uhhh, what?  This is going right back to the non-conservative practice that got them in these mess in the first place.  However, as I say this is not a long term stock pick, it is going to be a great stock to day trade over the next few days.  If you have a JunoTrade account I am running a wide oscillator of -0.35 for Buy to +0.25 for sell.  See Chart of what I mean, you would have caught a nice 0.20 run-up:

stock pick

Why did Dow go up almost 200?

Tuesday, October 5th, 2010

The really bad news is getting harder and harder to find.  Basically, not even considering inflation, the stock market has not grown at all since 1998.  Even with all of the major calamities that have befallen our country and our economy over the past 13 years, the population has still grown every year.  Mark my words, it is just a matter of time before the stock market corrects up.  Way up.

-While jobs are not great, they are getting better.  Companies are hiring more.

-No matter how bad it gets, California has not gone ‘belly up’…they are making the hard decisions now.

-Greece did not default, nor did Italy or any of the other rumors.

-The Euro did not destroy the dollar as predicted.  In fact, the Euro is looking vulnerable now, not the dollar.

-Congress may just renew those tax cuts

-Soldiers are coming home

-Factory orders are stable

-Durable goods are stable

-I cannot even walk around in my local Costco…oh yeh, times are bad.  not.

So, think about it, then buy stocks here.