Holiday Bliss

Nothing new to report today. I've been looking at the market and stocks and couldn't see anything to write home about. After this 3 day weekend it's hard to say where investor confidence will be. The market is currently near neutral levels so I expect it to go either way with more bias to the upside. Some former winners are consolidating nicely and may be getting ready to start a new uptrend. You can be sure this whole subprime mess is not going to go away any time soon so I expect some volatility to stay at least for the next couple of weeks. Cash and some quick plays would be best right now at least until all the bad news get out of the way. This election year is not going to help this market either since this correction should have gone without a glitch but as we have seen that's not happening. The current administration is trying to keep it's political party in the White House so they're trying to save the market. That's getting in the way of a healthy correction that would be expected at the end of a bull market. I'm worried that shortly after the new president gets elected, there would be no reason to keep this market afloat anymore. On the other hand, since this correction got going last summer I actually expect this market to turn bullish at some point this year. When that happens nobody knows but I will let you my readers know when I start seeing the signs of that happening.

Solar panel makers, fertilizer makers, oil companies, oil drillers, and home builders are the groups you should have on your watchlist right now. Those are the stocks that will probably go first should the market soar.