What does a new president mean for stocks?

So here we are, just a couple of days into the Obama administration.
Anyone who is preaching this means the market is going to do “this” or “that” simply because someone new is sitting in the Oval chair, has no clue what they’re talking about.
The only thing most people can agree with is that we’re in uncharted territory here.
The new administration is talking about another stimulus package for the people — but the one Bush did didn’t reinvigorate the economy.
And now we see banks that already got a huge piece of the first bailout package holding their hands out again for another big piece of the second-round of bailouts.
What a mess.
So while the big-wigs in D.C. do whatever it is they plan to do, let’s focus on our own personal finances and investments.
To that end, since I’ve been MIA — at least to those who aren’t EAM members — here’s a re-cap of what’s making headlines:
I don’t care at all about all the speculation that Caroline Kennedy with all her “ya know’s” is being rumored to be dropping out of her bid for Hillary’s Senate seat, but I do care that Sony is warning of a possible $2.9 billion loss, with plans to step-up its restructuring;
And the fact that China’s economy is sharply slowing down is definitely worth noting;
Of course, the street could not stop yapping yesterday about Apple’s amazing earnings driving a steep climb in its stock — even though I personally do not like the guidance report on Apple, and it’s a big “IF” on how the street will ultimately respond to Steve Jobs LOA;
At the same time we learn of Intel’s plans to cut up to 6,000 jobs;
Then there’s Citigroup appointing Parsons as its new chair,
And how about good ol’ Jamie doing the “see how much faith I’ve got in my own company” dance by buying lots of shares of his own JP Morgan Chase;
I’m probably putting myself smack in the middle of the unpopular list by saying it turned my stomach to see the U.S. hand-over $5.4 billion to GM — because my feeling is that some companies need to fail and go through some form of bankruptcy restructuring before they are ever going to be solvent — and mark my words — GM will be back for more money from its Uncle Sam;
And, most of all, while everyone is thrilled with the Dow surging yesterday — keep in mind that it’s still down 32.94 percent from this time last year — so curve the enthusiasm a bit.
So what does that mean for me?
Not much.
It means I’m still doing my due diligence on McDonald’s, which traded-up yesterday, while looking for it’s fourth quarterly report in a few days; 
Walmart remains on my list, despite (or perhaps because of) some analyst downgrading the stock because it posted a smaller December sales gain than the Street expected and cut its outlook on earnings for the fourth quarter this month, causing the stock to take a little pullback of $1.42;
Verizon, which I also like for its dividend play, and also traded-up yesterday;
And Family Dollar, which also traded-up yesterday.
Just heed my usual disclaimer: Don’t base any of your investment decisions on anything you read here — do your own due diligence — or at least enough homework to pick the right professional to do it for you.

One Response

  1. Hey, you, get back on the big board, would ya. We desperately need you. I’m going to piggyback some of your picks again, but I’ll give you credit.

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