Stocks Shake Off Jobs Report To End With Big Gains -- Wall Street has put an upbeat spin on the government's report that the nation lost more than a half a million jobs last month. Stocks reversed early losses to finish sharply higher as the job numbers raise hopes that Washington will again step in to help the economy.Big job losses is good news because it means that maybe we'll get free money? What? That's like saying it's good that we didn't clean our rooms because maybe now our parents will get annoyed and clean them for us and give us our allowance anyway.
Then there's another article on how gas may go down to less that $1 (whoa!). Purely speculative, as is just about everything but the punctuation on this site, but it's a nice idea. Let's see, how could I capitalize in the stock market on cheap gas. I can't buy stock in oil companies (unless, of course, you use the above logic, in which case, free money again!), so who profits from cheap gas? Probably not Ford and GM...they're too busy trying to look not-rich. My best answer so far is Coke and Doritos: if you just saved at the gas pump, maybe you'll be more likely to go into the little Mart and pick up a snack!
Does anyone out there have some oh-so-logical advice on picking up a few stocks CHEAP!!! ON SALE!!! EVERYTHING MUST GO!!! as they seem to be so much these days?
1 comment:
Hello, Daughter. It's good to see you blogging again. I miss reading your views and thoughts. You really should do it more often. We really need to think about doing a book together. Give me a call.
Anyway, as for the analysts, they are all mostly "prestidigitators" that fund managers use since they can't do their own research. It is similar to have a 1000 lawyers that don't have time to read a law book so they pay a group of paralegals to do it for them and over time have lost the ability to read and research themselves.
As for the market, just remember, if you can keep your heads while all those around you are losing theirs, you will come out ahead. ;-) (My paraphrase). Stocks are at a 10-12 year low, but dividends paying stocks are at 20-25 year highs.
1. Find stocks that are paying dividends in the 10-15% range, and buy them ex-dividend.
2. Look for stocks in the energy production and/or distribution industry (utilities, electrical companies, etc)
3. Find companies that have a very high liquid ratio (high assets to liabilities ratio) and a high long term asset to long term debt ratio.
4. Make sure the above companies are traded on the NYSE or NASDAQ.
If this sounds tough, use the market screener at marketwatch.com
Love you much, hon. Give my best to B.
Dad
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