AlexPKeaton wrote: ExPatriatePen wrote: steve784 wrote:
AlexPKeaton wrote:Nosedive? It is going to rebound huge.
Yeah, not so much...
This mornings little "dead cat bounce" was a miniature suckers rally, mostly retail investor driven.
I'm staying on the sidelines, nothings making sense right now, you'd think there was a threat of a sovereign default or two on the horizon, no wait...
Investors seem ultra scared. The strong jobs report was unexpected and I figured the market would do well.
Ben Graham talked about the markets as being "Manic" sometimes. To be sure, it's a stock pickers market here.
Personally I'd go for the high yielding stocks who's dividends are not only safe, but have a history of increasing. PM looks especially good down here if you don't mind being in a tobacco stock. CAT looks good and so does Berkshire Hathaway at these prices, but for BRKA you have to have 107K laying around and not to many of us do.