InvestBaboo's  Instablog

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Casual investor with a flair for investing.
  • So the markets continue declining -- what to do? 0 comments
    Oct 3, 2009 12:22 PM

    Well, in my post just before Labor Day I cited unscientific reasons in my decision to pull out and close most of my major swing trading positions. I said at that time that I just did not see what fundamentals would drive this market up. However, the rally continued for a week more and then the slap in the face came as the markets declined 7 of the last 8 sessions. So where do we stand now?

    If S&P battles the 1000 mark and loses it will most likely fall to the 975 area which would present a buying opportunity. I believe such an opportunity may present itself sometime this coming week. I will see if I can publish a list of stocks that I believe have strong merit for consideration to buy on such a dip. Happy weekend all and have fun!

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