Pancho and others:
I often viewed where the DOW is and will be a rather meaningless
(and to a less extent other indexes too) number unless you are
buying index funds or options on those indexes.
It is the individual issues in your portfolio that counts, not
how the DOW is doing, or how SPX or OEX is doing...
Even in a strong market, your stock's earning might come in
below its whisper number (or losing a big customer or whatever),
that your stock will suffer a 20/30% haircut ...
The opposite can also be true that in a down market, if your
stock reports better than expected earnings, it is going to
go up 20/30% ...
I personally am not very concern where the DOW is heading,
or when the big Kahuna is going to show up, I consider
buying some gold stocks to be the best protection at this
time for anyone that is concerned about a major correction.
Gold seems to have bottomed, and even if it is not, downside
seems to be limited, but if the big kahuna is really going
to visit us, gold can and will ease some pain ...
Just briefly looking at the charts, I can see that
(in my opinion only)
AAPL, ELNK, WCOM is likely to be going down and
ADPT, ATML is likely to be going up ... |
