Posted by HanaDaddy | Posted in My thoughts on the market | Posted on 06/02/2009
0
Well, I just updated and added Cara 100. I should probably remove the old symbols that have been removed from the 100, but it’s not that easy. It surely hard to keep up with the changing list.
New Stock Symbols added
AMZN Amazon.com [GICS 25, Cara 100]
APA Apache Corporation [GICS 10, Cara 100]
BBY Best Buy [GICS 25, Cara 100]
BRCM Broadcom Corp [GICS 45, Cara 100]
BVN Buenaventura Mining [GICS 15, Cara 100]
FSLR First Solar, Inc [GICS 45, Cara 100]
JNPR Juniper Networks [GICS 45, Cara 100]
KGC Kinross Gold [GICS 15, Cara 100]
MCD McDonalds Corp [GICS 25, Cara 100]
MYGN Myriad Genetics [GICS 35, Cara 100]
POT Potash Cp of Saskatchewan [GICS 15, Cara 100]
SAP SAP AG [GICS 45, Cara 100]
SLB Schlumberger [GICS 10, Cara 100]
TTM Tata Motors [GICS 25, Cara 100]
Posted by HanaDaddy | Posted in My thoughts on the market | Posted on 06/01/2009
0
The Dow Jones Industrial Average soared 221.11, or 2.6%, to 8,721.44 today. It was very nice but ‘Fast Money’ Recap: Take Some Profits blog from street.com advises you to take some profits for now.
Karen Finerman said the rally had nothing to do with anything fundamentally happening in the economy or business. Rather, she said, it had to do with the fear of being left out. Specifically, she said people on the sidelines felt they had to jump in.
It’s true. With everybody jumping into the market, I feel like I am loosing the great opportunity!
He said strong fund flows and technicals are driving the markets higher, not fundamentals. He said the situation won’t turn around until the employment situation turns around and consumer spending picks up.
Let’s see how tomorrow will turn out.
Posted by HanaDaddy | Posted in My thoughts on the market | Posted on 05/31/2009
0
If you look at the Dow chart below what do you think? Do you think we are going to steady come back with the stock market?
Right before the crash last October, it was 10831 and the lowest point was 6547 on this 3/9/09. Now that we are at the 8500 level, would it be a good time to jump in? Will the market come alive continuously?
I guess, it will get better by the end of the year, but I wonder if now is a good time to jump in. Maybe I should wait some more and carefully watch the market next week.
