Fellow Masters it's time to shove a bunch of stocks into the shopping cart and go for broke. Thanks to the big decline in all major indexes, we believe its time to start think about buying on the dip. This is when you pick up a few shares of the best companies around as they all have fallen in market cap along with everyone else.
Leading the pack for us would be Microsoft (NASDAQ:MSFT) which is now trading 8% away from its 52-week low. Coming next would be the almighty Goldman Sachs (NYSE:GS), its dropped 8% in the last month. Then look to Raging Bull Index favorite NetFlix (NASDAQ:NFLX), that stock has increased 200% since it first joined the index last year. Tack on a little Valero Energy (NYSE:VLO) and its time to push that cart down the hill Jackass style
FYI: This huge sell-off started before the Japanese disaster.
Historians may well look back and see it differently, but this sell-off began before the Japanese quakes. Emerging markets have been trending down since December last year. Despite new highs in gold and silver, the major gold stocks also made their highs late last year. The DAX, the FTSE, the Dow, the S&P 500 and the Nasdaq all peaked later, around February 21st.
Sure we can keep going down and probably will, but at some point the best and brightest stocks are going to bounce.
Stocks like Microsoft (NASDAQ:MSFT) , NetFlix (NASDAQ:NFLX), Goldman Sachs (NYSE:GS), and Valero Energy (NYSE:VLO) need no introduction. These are market leaders, huge corporations, and just four compaines that will regain market share once the market begins to tick higher.
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