Tuesday, August 2, 2011
The Big Picture
Yes, the economy is terrible. Yes, the sentiment is awful and the political fight over the debt is a nightmare. But the big picture shows we are somewhat near where I suspect the lows will bottom out -- 11866 on the Dow Jones Industrial Average. Go look at a one-year daily candlestick chart and you will see it. This is a good buying opportunity FOR LONG-TERM INVESTORS ONLY. If you can't stick to your investment decisions, now is the wrong time to enter the market. Buy good solid stocks that continue to improve financially.