US market is very fragile at this time, if something happens in Dubai or Greece or Spain or any part of Europe, it gets affected here. This shows the base is very weak. Holding stocks for long term definitely in such economy is risky. I think the market has reached its bottom. Tomorrow would be the date to watch out for when 1 trillion Euro bailout result would be announced. If its positive, the market should recover.
In order to economy to grow the financial sector has to bounce back first, so i think any stocks related to financial is hot buy at this time. I think a gain of 3-5% is easily possible in today's situation. The key is don't panic and sell off your position in case your in loss. Wait till the market rallies back.
I stocks which i am watching at this time are IRE, FAS, PCBC, YRCW and FAZ
No comments:
Post a Comment