greenlaw4-7: You're one out of two.
There will be a summer rally in both the tech and non-tech stocks this month, perhaps taking the NASDAQ to 2500-2600. This will then correct in the latter half of August, September and October (IMHO). It may be short-lived, but it will be a rally worth participating in.
I DO agree that buying the energy and oil/oil-services stocks at these levels (or waiting until they stop falling) is a no-brainer. Many of these stocks will report excellent growth and profits. The energy crisis did not disappear overnight. Companies such as Calpine, EOG, Schlumberger, Anardarko, El Paso Gas, Dynergy, AES, etc. are selling for very reasonable multiples. |
