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S&P 500: 1,317.11 Change: -0.21%
emoneync
P&P Score: 99.41   Points: 93.55   Accuracy: 43.18%   Average Pick Score: 7.67   Annual Return: 18.68% (37.61% since 5/21/10)  

emoneync's Blog : Correction or Bear Beginning

Date May 20, 2010    Comments Comments (1)    Rate this post Recommend This Post (92)   
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Since mid February up until about 2 weeks ago, the markets were enjoying a great ride...smart money was flooding back picking up beaten up stocks. There are still values to be found but they are very few and far between. If you've been playing the bear for the last couple of weeks, congrats, you're up anywhere from 8 - 12%...not bad! However, the Euro crisis has loomed heavy over what has been a rebounding US economy with company after company beating expectations.

I am in no way an expert but I would be picking up some big beaten down stocks. Some of my favorites are SBUX, MED & LCUT.

Happy Hunting Fellow P&P'rs

Emoney
Tags : MED   SBUX   LCUT   BEAR   EURO DEBT   CORRECTION   VALUE  

1 Comment(s):

Author BSNBC     Date May 20, 2010 11:57 Abuse this post Report Abuse
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government is out of bullets. it was a recovery without jobs and now jobless claims are trending up again. China has a huge housing bubble, where real estate prices went up nearly 10% in two consecutive months. there's not much growth in Europe.

what will happen if foreclosures pick up again in the US? easy to see things spiral out of control. let's hope for the best, but expect the worst.

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