vinyl siding installation cement board siding lake bluff installing vinyl siding installing vinyl siding northbrook install vinyl siding algonquin .. 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:

Overvalued & Underbought

With all the bad news that has been dumped upon... Read More

Dividends

When is a dividend not a dividend?The latest thing "conservative"... Read More

Emotional Maturity

If you are going to be a winner in the... Read More

Ignore Stock Market Talking Heads

You should ignore analysts on TV, the radio, the newspaper... Read More

Nest Eggs and Omelets

Do you have a nest egg? You know, a place... Read More

Stops Make Money

During the day I watch CNBC-TV, the stock market channel.... Read More

Is The Bear In The Cage?

For the last few weeks we have seen the stock... Read More

Hot Stock Investing ... How to Pick Hot Stocks with Momentum Stock Trading

Profitable day traders recognize that momentum trading is among the... Read More

Chart Reading

As an investor you will want to check out any... Read More

Cash

How many people went to a cash position this week?... Read More

Bollinger Bands Strategies

The Bollinger Band theory is designed to depict the volatility... Read More

Evaluation I

An insane person cannot evaluate an insane evaluation system.As you... Read More

Race Horses and Mutual Funds

For years investors have been taught to look into the... Read More

Stocks & Oil, Sat Jun 18th, 2005

Both the stock market and oil prices rallied recently, which... Read More

The Importance of Using Stop Loss Orders When Spread Trading the Financial Markets

A Guide to Using Stop Loss Orders Stop losses are... Read More

Commoditizing the world

Let's discuss commodities; with the latest Enron situation, it is... Read More

Dividend Reinvestment Plans: Investing on Automatic Pilot

If you're like many investors who squander those small dividend... Read More

Trading vs Investing

I often hear from people, "I don't trade. I invest.... Read More

Online Broker Trade History Not Doing the Job

Let me start by saying that...Most online brokers do not... Read More

When Should I Sell?

People are always asking me when should I sell my... Read More

Pension Plans

If you have a pension plan at work you will... Read More

Trading Tips No 2: The Big Lie in the Stock Market

It is commonly reported that the stock market averages about... Read More

Zero Sum Game

Most people think the stock market is a zero sum... Read More

Successful Trading ? Taking Profits - Part 2

Suppose your position has made a big move and you... Read More

Investing in the Stock Market

From the book 'The Stockopoly Plan' by the author Charles... Read More

innovative induction lighting outdoor wall pack lighting Pete's produce ..
innovative induction lighting outdoor wall pack lighting Pete's produce ..