NOT IF BUT WHEN GROWTH STOCKS RECOVER: Kevin Landis on CNBC this morning agrees. Not just NTAP and PALM, his picks were cien, gspn, and others. The key is GROWTH stocks, if they have positive earnings, not only will they go up, but they will make a full recovery, at some point past their 52 week highs, not IF but WHEN.
This is the correct thinking and historical research and proper due diligence bears this out. I will say this, I was wrong (in this short term) about OIL stocks, what with all of them doing double last years earnings or 50 cents above estimates some over a $1 above estimates, record earnings, XOM the highest earnings in world history for ANY company, and so on....but long term, one little war in the Mideast, or OPEC increasing production, or the disgorgement of excess profits like the 70s, and there is a big threat to the entire market as the OIL BUBBLE BURSTS....all that lost market value liquidity (cash flow) could disappear as all OIL BUGS race to the exits. I am not a buyer of OIL stocks, because I NEVER BUY HIGH.
I am,
Truly your$,
-Crystal Ball |
