The market as I predicted has continued to recover since its deep drop in February and through the middle of March. Only a couple hundred points off its highs now, the market is up slightly for the year. I continue to tell you to look closely at purchasing some Johnson and Johnson (JNJ), Noble Energy (NE) and Caterpillar (CAT). While great buys have gotten harder to find the last year, they still exist though in fewer numbers. It will be interesting to see if the market can put together a 3 to 4% gain in the second quarter and put us in position for gains of 10 to 12% for the year in the broad markets.
Also, again, if you have not done so, make a contribution of upto $4,000.00 in your IRA! You have to do it by next Tuesday so it will post for the 2006 tax year. You'll be glad you do. If your not sure what fund or what stock to invest, just pick a fund with low expenses that tracks the broad market. T Rowe Price has great funds. Visit them www.troweprice.com
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