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Investing Ideas_06 18 2010 review

|Includes:ANF, BAC, EZA, General Electric Company (GE), GTE, MO, PAYX, SKS, TSCO, XBI

 With the increases of the last frantic minutes of trade New York indexes managed to finish Thursday’s session over the green line. Meanwhile, the U.S. economy has shown a weak data, which again met with a lack of investor’s reaction.

Meanwhile, gold prices hit a record high settlement Thursday too. As David Wyss, chief economist for Standard & Poor’s said yesterday, “gold has very little to do with economics and much more to do with emotions. People are scared right now. People were afraid of the dollar so they invested in the euro and now they’re even more scared of the euro so they’re looking for something to buy, and gold looks bright and shiny.”

This means that nobody knows what to do now. Our experience shows that the best way to be calm, observe the market sensibly and to take adequate decisions.

 

Dow Jones daily chart:

Stocks: GE, BAC, TSCO, MO, PAYX, GTE, ANF, SKS, XBI, EZA