The young ones are running in, while the older ones are running out

It’s 6 a.m. on Friday morning and The Street is awaiting the jobs report from the Labor Department that should be announced around 8:30 a.m. this morning.

While I don’t profess to have a crystal ball — nor any inside information — I feel rather safe in taking a guesstimate that the unemployment number is going to come in somewhere around 8 percent.

That’s not good.

But it’s expected.

With many on the street having another tough week in the market, futures are up this morning — but, let’s face it — that’s likely because fair value is down.

You don’t need me to tell you that the Dow took another 4 percent plunge yesterday, and it hasn’t been this bad since April of 1997.

But I do see some signs of life — and I won’t pour salt into many wounds by beleaguering the fact that my mutual fund picks have kicked some major ass this year. I’ll just warn you that if you jumped on board my picks, you should also heed my warning that you shouldn’t be planning to stay in them for the full year and be considering switching to a solid etf.

While The Wall Street Journal has a story this morning about seeing signs of life in retail — over the past few weeks, my eam business blog has been seeing spikes in users hungry for ideas and guidance, and I’ve had more and more people inquiring the same thing — “Is now a good time to get in — and, if so — what should I be looking at?”

Interestingly, most of these people have been men in the 25-35 age range.

I’m not surprised.

While a lot of people in the 40-plus age bracket didn’t heed my rantings over the past 15 months to pull their 401k savings into a safe value fund — and who in turn lost some 30 to 50 percent of the nest-egg they’ve built over their lifetimes — are now skittish about doing anything — the young ones are ready to pounce on a golden opportunity to enter a market at a bottom and ride it up.

I’ve had more people approaching me asking “So tell me more about this due diligence thing you’re always preaching — how do I do it exactly?”

They’re hungry for solid information.

So, for those who are members of my EAM sites, I hereby promise that I will be spending a lot more time on my EnterActive “Let’s Talk Money!” site, and because we’re at full capacity over there, I will do my best to try to post a weekly blurb on this free site.

And to address the age-old question on why feedback doesn’t show-up on this site for most people, it’s because I don’t have the time to monitor it and boot-out those trying to drive a stock’s price or leave inaccurate or misleading information. The only people who have access to post here are those who can access it through their EAM passwords.

Added to my due diligence list this week — which, again, just means I’m looking at it and researching it, and not necessarily buying it — is Adobe.

Just remember the usual disclaimer: Don’t base any of your investment decisions on anything you read here. Do your own due diligence — or at least enough research to pick the right professional to handle it for you.

Advertisements

2 Responses

  1. Hey beautiful. Thoroughly enjoyed your live chat last night on eam. Great advice as always.

  2. […] Stop what you are doing right now, and go visit my March 6 column. […]

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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: