ouchity ouch! Dow 11,350 and the saga continues.....

I wish I felt I had some good news to deliver, but my friends I don't. I'm not much for considering myself a market timer but I can spot a trend when one slaps me across my perfectly chiseled face. Just kidding.

With oil boldly testing new highs and financial media still harping on the credit crunches, and the fed doing nothing but losing more hair, there really aren't too many places the market can go, but down. So as steal a moment from your job and read this and then log into your stock account and you'll notice lots of red number that represent your summer vacation going away think about this. Stocks and their value are basically based on future expectations. So where do you think your stocks are going from here? Take a good look at your portfolio and analyze each position and oversimplify your thinking. In this market environment are your holding going to make money?
Here is an example of what and the hell am i talking about.
First look into you account and spot anything that looks like a bank and after you find it, punch yourself in the face. In a day and age where bank executives are going to prison you might want to consider how something like that might reflect negatively on your holding. Now before you get ready to write me hate mail about what I'm saying, i know there are great banks out there, for example Well Fargo (WFC) great bank, great management, great yield and yes in the future great investment, but that day is not here. When my electrician father is telling me about the "Credit Crunch" and how banks are going under while we drink beer over the grill, you can guess what the rest of the world is thinking about most other financials.
OK after you have successfully hit yourself look at your other holdings. Some of you might find a company like
Apple Computer (APPL). this is an example of my thinking..Apple has the iPhone..iPhone good...Apple stock go up.
next example..
A- Power Energy (APWR) China needs power... APWR gives power to China....APWR stock go up.
stock picking can be just about this easy.

Remember we ride strength and momentum!!We find stocks on the move and buy them so that we can sell them for profit. We never never never look at a stock like we did our old girlfriend or boyfriend and justify sticking with them. If you find yourself looking at your portfolio thinking you have weathered a storm and brighter days are ahead. See above earlier in this blog and punch yourself again. The clock is ticking and life is too short to be married to anything other than your spouse.
take care all,
hugs
t