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The Year of the Snakes
It’s that time of year again. The obese pledge to hit the gym, the drunks plan to switch to soda, and the smokers will run to the nearest convenience store for their nicotine patches. As is the American way, very few of those who confront their self proclaimed character flaws will have the fortitude to see their goals through.
I have been asked several times over the past week or so if I’ve made any New Year’s resolutions. I usually answer that question with a simple no, but it’s not entirely true. You see, 2008 was a big year for us…
5Jan2009 | Oxbury Research | 0 comments | ContinuedWall Street signals quiet start to 2009
(AP:NEW YORK) Wall Street expected to start the new year with quiet trading Friday. Stock futures showed little direction as most investors appeared to be waiting until Monday to begin 2009 trading in earnest.
The final session of a holiday-shortened week follows a terrible year for investors that saw the Dow Jones industrial average fall 33.8 percent _ its worst year since 1931.
The Institute for Supply Management was releasing its December manufacturing report at 10 a.m. EST. Analysts surveyed by Thomson Reuters forecast that the ISM’s manufacturing activity index, compiled from a survey of corporate purchasing managers, fell to 35.5 in…
2Jan2009 | INO | 0 comments | ContinuedNo bones about it: orthopedic stock could outperform
Implants play might see a 50% retracement…
Retail sales are down. Autos and the housing industry are still in the dumps. The financial sector may be under repair – or not. No one knows at this point.
So where is an investor to look for profits in 2009?
Many have apparently given up on the stock market altogether, with record amounts having been pulled out of stocks and mutual funds in recent months.
Historically, bailing out after the market has had a 50% decline has not been a good approach.
Meanwhile, most investors, being buy and hold investors, held through some terrible and stressful losses in…
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