The Week That Was… And What to do Now?
Published: Sat, 09/13/08
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Hi Toolbox Fans, This was a rough week in the market. I am not sure what it will take to bring any confidence back into the financial sector, but it will need to be big. For a complete "technical" look at the past week and what to expect visit our blog. I have been telling people that the recent "bailouts" are un-heard-of in my lifetime. I mean who ever thought that the Treasury dept and the fed would spend their weekends snapping up broke companies? For all the doom-and-gloom you would think the DOW would be down way more than it is. There are a few bright spots on the DOW30... WMT ~ WAL MART STORES... Up 31.31% YTD IBM ~ INTL BUSINESS MACH... Up 10.06% YTD MCD ~ MCDONALDS CP... Up 8.74% YTD HD ~ HOME DEPOT INC... Up 6.90% YTD JNJ ~ JOHNSON AND JOHNS... Up 5.83% YTD DD ~ DU PONT... Up 5.22% YTD DIS ~ WALT DISNEY... Up 3.04% YTD And that's it folks...All other DOW30 stocks are down for the year. 17 of them are down 15% or more with AIG really in the talk down some 79.18%. OUCH! Here is a peek at the NASDAQ100 Year to date... Winners... Losers... The rest are somewhere in between... I think the best place to look for investments right now is in stocks that cater to bad times. Like MCD and WMT. These stocks seem to do fine when people are broke because they are one of the few places left that people can afford to shop. If you want to protect your assets and grow your wealth during this "bad time", then be sure to catch the seminar on Monday at 12 noon. Registration is free. and it will only take about an hour. Also, this week on "The Week Ahead" Jeffrey and I will look at the up-coming week and how to trade it for some profit... and yes... I will bust my own chops about my call for last Monday...Be there Sunday Night at 8pm Eastern. You don't want to miss that! Also... We will be doing a LIVE show this week about how to trade the picks in the Stock Picker RT software... and the show will actually be broadcast IN the software itself! Take the 14 day trial and be sure to watch for the LIVE broadcast! Finally... We are getting ready to launch the "Platinum" Trade Planner in the Research Lab so be sure and keep an eye out for it. This will be a very limited availability service. That's all for this week. Stay tuned! Sincerely, |