re: Stocks getting the thumbs up right now

Dennis L. Vick — Fri, 21 Nov 2008 16:20:44 GMT

Don't sell. Sit on your cash. No need to get antsy thinking that you will miss a quick market upturn. The market isn't going anywhere but down for at least the next couple of months. Of course, the shorts will still make money but if you are in the market for the longer term, just relax and wait. The market hasn't approached the bottom yet. Big buyers today and big market players are re-investing to try and prevent additional erosion of their current holdings and are trying to encourage Joe and Joann Sixpack to jump back in the market to slow or reverse the current downtrend. Current trends downward will continue until such time as the basic problems with the economy have been solved...more financial stability, employment issues resolved, Obama gets WPA/CCC programs working. Until then, the smart money stays on the sidelines...waiting and watching. Nobody can ever accurately time the bottom, but after the bottom occurs, there will be a helluva lot of upside potential for making money. If you would have invested 2-3 months ago, you now would be looking at a 25-30% reduction of your asset base. See how smart you were by keeping your cash in short-term investments!!! So ends the reading of the gospel for this fine Friday morning. Denny

re: Stocks getting the thumbs up right now

Tony — Fri, 21 Nov 2008 04:20:23 GMT

Yea and as soon as investors start buying these stocks (thus driving up price), these analysts will sell their recent purchases for a quick buck.

Most every stock is a bargain right now. 95% of them will rebound within the next year. The secret is picking them up at their lowest price, but if you're willing to hold them for a couple of years you'll make money at todays price, too.

re: Stocks getting the thumbs up right now

Elle — Mon, 27 Oct 2008 19:42:31 GMT

What does it mean if a stock is labeled "outperform?"