Markets are going through digestive phase of huge gain in Indices.....
S&P 500 is the weakest while Nasdaq is behaving the-best with loss of around .85%.....
Jobs data & factory numbers were the EXCUSE for this pullback.....
Pullbacks are not only necessary but very healthy..as we move towards higher highs.....
Pullback gives you to add or buy stocks on sale...these corrections are extremely short lived.....
Gold Down $7.00
Oil down $2.13
Canadian $ down 1.3 cents against US$.....
In my portfolio :
Added 50% more TLM.....
Portfolio is MRVL,MPEL,PMCS,TLM.....
@ 12.10 following are GREEN :
AAPL,AMZN,SINA,V,BIDU,SNDA,GOOG,AMTD.
BLOG does NOT give buy or sell.
Saleem
3 comments:
SALEEM,
here is some cool info:
Brokerage account balances that go up are fuel for economic recovery. Stimulus will keep coming.
Americans not likely to save to the grave,
more liklely to spend to the end.
Fuel for rally:
--Idle cash
--Low Interest rates on CDs
--Traders on wrong side of trade
--FED & Administration will do whatever is necessary
--Improving balances on brokerage statements
--Improved consumer confidence
--Stocks irrationally oversold
--Real inflation greater than govt reports.
Pity savers with CDs maturing. Real inflation requires taking risks.
Stocks are oversold, shorts are caught on wrong side of trades, bears/frightened investors holding idle cash on the sidelines = rally on good news after backing and filling. As CDs come up for renewal even more cash will be pouring into stocks.
GE in DOW & S&Ps is sure to lead the way.
Recovery of the Stock Markets is the 1st step to recovery of US and World Economies. A real housing recovery, not re-inflation of housing bubble, will take more time.
GE $.10 dividend declaration likely.
Ratings clarified:
--S&P rating AA+, outlook stable is very good news.
--Moodys rating Aa2, outlook stable is good news.
As stimulus funds are dispersed, GE will benefit. GE is the future.
Business Summary:
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to national, international, and independent oil and gas companies; and offers equipment overhauls and upgrades, pipeline inspection and integrity services, remote diagnostic and monitoring, and contractual service agreements. The company’s Technology Infrastructure segment manufactures jet engines, aerospace systems and equipment, and its replacement parts, as well as provides repair and maintenance services for commercial aircraft; military aircraft, including fighters, bombers, tankers, and helicopters; marine applications; and executive and regional aircraft. This segment also produces healthcare products, including diagnostic imaging systems; offers transportation products and maintenance services; provides enterprise solutions using sensors for temperature, pressure, moisture, gas and flow rate, as well as non-destructive testing inspection equipment. GE’s NBC Universal segment engages in the production and distribution of films and television programs; operation of television stations and cable/satellite television networks, as well as theme parks. The company’s Capital Finance segment offers loans, leases, and other financial services to customers, including manufacturers, distributors, and end-users of equipment and major capital assets. Its Consumer & Industrial segment produces various house hold appliances, lighting products, and electrical equipment and control products, as well as provides related services. The company was founded in 1892 and is based in Fairfield, Connecticut.
FED & Administration will do all that is needed to restore economic health.
Hi Madmax,
Comsumers/investors & politicians confidence are way UP....as economy is showing a pulse......
GE is a good long term stock....I need more juice for swing trading.
Saleem
Hi Madmax,
Thanks for the update on GE.
BDI non stop rally +185 4291
Shippers will be showing EPS gains.
Best Regards
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