Sep 27
Begin to Nibble
With a financial agreement about to be reached this weekend or next week, now is the time to begin to nibble or repopulate any asset classes that may be out of balance. The term “bailout” is somewhat inflammatory, although it does contain an element of truth — depending on the final plan. Another term one might use is “investment.” Based on how the final agreement is structured, it is highly likely the U. S. Government will make money over the long term, particularly if they can pick up hard assets at 20 cents on the dollar and resell then in a few years for 50 to 60 cents on the dollar. One can only hope the U. S. Taxpayer will participate in the profits should any occur.
My suggestion is to carefully examine the technical charts using StockCharts as a first order entry point guide for different ETFs or individual stocks. More on the use of StockCharts can be found over on Premium Content.
I’ve been attending an investment meeting for a few days so I am behind in updating portfolios. Next week will be a busy one over on Premium Content, particularly with end of the month and end of the third quarter data to report.
Lowell Herr