The bottom is in? Don’t count on it

I’ve been a bit lax over the past week regarding posting here — and that can only mean two things — either I’ve been doing a lot of trading on my own and don’t want to be in the position of hyping of dissing a trade I’m involved in — or I’ve been sleeping late.
I’ll let you decide which of those is true.
In the meantime, let’s get down to business and take a look at what this volatile market has been up to lately:
Commodities have been coming down — including oil and gold.
Goldman Sach’s had an interesting trading day yesterday — check out its trading chart.
Natural gas got kicked down yesterday.
There’s starting to be a lot of hype surrounding financials — so if you’re planning on going that way — be cautious — very cautious.
The dollar hit a six-month high yesterday, and Goldman declared the dollar has bottomed….. hmmmmm….. I don’t like anyone declaring a bottom in anything — even Goldman’s.
Names on my radar screen to do some due diligence on include, Alexion Pharmaceuticals, Lockheed Martin, Research in Motion and Onyx.
Just remember: Don’t base any of your investment decision on anything you read here — do your own due diligence — or at least enough research to pick the right professional to handle the investing for you.
See you tomorrow…. maybe.

There are no comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: