EI84mzk2E8AmuBYt0y5NY8kJU3M
nav-left cat-right
cat-right

Confidence In The Stock Markets Are Down

Yesterday was one of those days that I’ve been talking about. The Dow fell 733 points, NASDAQ dropped 150 and the S&P 500 lost another 90 points. After Monday’s rally, I knew this would happen once again. I do expect more of the same for the rest of the week. How much? I don’t know, but I will say that it will go in the direction that would rather not see.
.
The markets don’t have the confidence it needs to go forward. I myself don’t believe in them and have sold out of 90% of my holdings around lunch time yesterday. What I’m still holding on to are two stocks that have great yield and will be paying out within this month. the average yield on these stocks are 6%. One is in the pharmaceutical sector and the other in consumer goods.
.
Dividend paying stocks are the only thing that I would invest in at this time. If the price of these shares go down before the ex-date, I’ll pick up some more. These two sectors are the area that we as investors need to look at. In a recession these sectors hold up quite well and as Jim Cramer from Mad Money and TheStreet.comsays, “if you can drink it, smoke it, eat it or medicate yourself with it, it’s the stock you will want to own in these times.
.
If you are in any stocks that don’t fit that criteria, you need to sell and hold on to your cash until the markets come down another 5-10% from where their at right now.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge