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The Blue Chip Stock, R.I.P.
Have you ever heard of a “Bo Derek Stock?” Me neither. But it’s a term listed in the seventh edition of Barron’s Dictionary of Finance and Investment Terms. When I was in college, we had to buy this book, and I’m embarrassed to say that the early edition that I bought back then did not seem half as thick as the current version. And I think the reason for the bloat of the new edition is that many dated terms have yet to be deleted.
So, what’s a stock that meets the Bo Derek category? The dictionary says it’s a…
“Perfect stock…
14Jan2009 | Oxbury Research | 0 comments | ContinuedWeak Labor Market and Slowing Retail Sales Put U.S. Stocks in a Tailspin
The U.S. markets took a beating yesterday (Thursday) as retail sales sputtered and jobless claims surged.
At the New York close, the blue-chip Dow Jones Industrial Average Index had posted a loss of 344.65 points (-2.99%), to trade at 11,188.23. The tech-laden Nasdaq Composite Index dropped 74.69 points (-3.20%), to reach 2,259.04. And the broader Standard & Poor’s 500 Index lost 38.16 points (-2.99%), to settle at 1,236.82.
Disappointing August retail sales reinforced that the surprising 3.3% boost in U.S. gross domestic product (GDP) in the second quarter, due in large part to the government’s stimulus checks, won’t be repeated in the…
5Sep2008 | Money Morning | Comments Off | ContinuedIn Search of a Market Bottom: Position Yourself for Profits No Matter Which Way the Market Moves
In a Money Morning commentary back in April, I suggested that while we’d hit a new market bottom, we almost certainly hadn’t hit the market bottom.
So have we now?
That’s tough to say, although three seemingly unrelated bits of data suggest the ultimate market bottom may be lower still, meaning investors aren’t out of the woods, yet. Let’s take a look:
–Since 1990, there have been 13 declines of 10% or more in the Standard & Poor’s 500 Index. And while each drop of this magnitude tends to precede a rally of six months or more, an ultimate market bottom typically hasn’t been…
15Jul2008 | Money Morning | Comments Off | Continued
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