
Well, it took a few days, but the market is finally moving in the right direction. Since the dark day last week when the market dropped over 400 points and then proceeded over the next few days to drop a few more, today the market is taking a step forward. Will it continue? Hard to say, I would guess the market would tread water and not make any significant moves one way or the other over the next few weeks or even months. It is a good time to evaluate your portfolio and dollar cost average in some money tracking the major indices. For the first time in awhile, I think there is 3 or 4% of fairly easy money out there in many stocks. Some of my favorites right now are Apple (AAPL), Phillip Morris (MO), Wet Seal (WTSLA), and Noble (NE). I think all of these stocks have the potential of atleast a 20% upside from these levels over the next year. As always, think long term, but take these drops of 3 to 5% in the major indices to make a purchase in one of the tracking stocks.
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