siding options soffit installation schaumburg siding installation hardie plank siding siding installation .. Chicago Drug testing

Bargain Basement - Finding Stocks That Go Up

Have you been listening to the talking heads on CNBC-TV? Or those talk radio stock experts? Getting all those good recommendations on what to buy now. Now?

Those guys keep telling me the market is oversold. It can't go any lower. (But it does.) I bet your broker has some hot tips for you too. Advice from a broker is a eulogy for your money. I don't think he has told you about the one position you should have in your account right now. It's a nasty four letter word to him - CASH. In a money market fund it will make you about 5%, maybe 6% and that is better than the bloodletting going on in the market.

There is an old saying - "When in doubt, get out". And right now everything is in doubt. The "experts" are confused as one says 'recession', another says 'hard landing', another 'soft landing', 'buy', and no one says 'sell'. That last word is a 'no-no' on Wall Street. Less than 3% of all brokerage recommendations are sells. They are afraid they will offend the company and won't be able to talk to the CEO any more. Hey, what about us customers out here? We are the ones who are paying the bills.

Garrett van Wagoner of the Van Wagoner family of funds said he follows 5,200 Nasdaq stocks and that more than 1,000 of them have lost 90% of their value and 200 have dropped over 99% in value. Yes, he says there are some great values out there, but he doesn't say which ones or when to buy. I'd like to ask him if he was smart enough to sell some of those puppies before they hit bottom.

The stock market mavens think they are market makers, but they are more like weather meteorologists who predict but cannot manipulate the weather. When the weatherman is wrong you get wet. When the stock experts are wrong you get soaked.

As I have said in past columns there is no hope that Nasdaq will go back to the 5000 level for many, many years. Ten years would be my closest guess. There are too many stocks being held by investors who are waiting for a rally up so they can get out "even". This kind of thinking keeps you poor. Your money is tied up in a stock that will never perform when it could be some place else making you a profit. There is always some dummy out there who will buy your garbage.

We are having a bargain basement sale now in the stock market. Most of it is something no one wants. Ever been to a garage sale? Can their junk be your treasure? There will be plenty of time to buy, but now is not the time to go shopping.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

In The News:

Kick The Tires

Before you buy another car you walk around the lot,... Read More

Momentum

One of the basic laws of physics states that a... Read More

Complacency

During the month of January the Dow Jones Industrial Average,... Read More

Trading Tips No 5: Stock Trading Curve Drawdown and Commitment

All stock trading and investing methods must deal with the... Read More

Valuation

Every day I hear from the "experts" on CNBC-TV and... Read More

How to Short Stocks? How to Make Money when Your Stocks Go Down by Shorting

The stock market can present you with a lot of... Read More

DIY Portfolio Management

Exchange Traded Funds (ETFs) are growing. Investors are choosing low... Read More

Losses, not Profits, will Stop You from Trading in the Market

Should the market turn against you, it is important that... Read More

Precision Money Management

This article describes the model of a natural relationship between... Read More

Dollar Cost Averaging

Dollar cost averaging is one of the most popular ideas... Read More

Trading Stocks ?Never Forget About A Past Trade

We all know that emotions control every decision that an... Read More

Your Trading Objective: Why is that so Important?

You've decided to try your luck at trading stocks or... Read More

Diversification

Wall Street's watchword has always been diversification, but what does... Read More

Mr. Market

I constantly hear the talking heads on CNBC-TV, the radio... Read More

Long Term Investing

In his wonderful book, 'Multiple Streams of Income', best selling... Read More

The Problem With Hedge Funds

Are hedge funds a suitable investment for you? Hedge funds... Read More

Hill of Hope

Just about now everyone is confused as to which way... Read More

Lies, Damn Lies and Mutual Fund Returns

How many times has this happened to you? You're at... Read More

Economists

In today's volatile and confusing stock markets everyone is searching... Read More

One Way Street

Ever turn down a street, get half way and suddenly... Read More

Duct Tape

Did you run out to buy that duct tape yet?... Read More

How to Read an Annual Report

Every publicly traded company is required by the SEC(Securities and... Read More

The Inside Scoop on Mutual Fund Rip Offs

The bear market that showed up at the end of... Read More

Choosing a Stock Broker

If you were to find that you had some severe... Read More

Expense Ratios

Mutual funds and brokers are always preaching not to buy... Read More

led street light fixtures best street lighting Pete's produce ..
led street light fixtures best street lighting Pete's produce ..