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Dow leaders: AXP +2.2%. DIS +2%. JPM +1.8%. PFE +1.3%. KFT +1.2%. MRK +1.2%. Dow laggards: DD...

Dow leaders: AXP +2.2%. DIS +2%. JPM +1.8%. PFE +1.3%. KFT +1.2%. MRK +1.2%.
Dow laggards: DD -1.4%. INTC -0.9%. XOM -0.2%. CVX -0.1%. KO -0.1%.
Comments (1)
  • Archman Investor
    , contributor
    Comments (2355) | Send Message
    One thing I am watching carefully:
    Remember, the average American invests typically thru the S & P 500, wether it be thru mutual funds, ETF's, or most managed funds that hardly ever beat the index.


    One good measure I find is the SPY (ETF).


    As of 10:40 AM the SPY is racing heading on well above average volume for the time period VS the previous few months.


    What does this mean? Well for people like you and me, who bought stocks when the index was at 700, it means more profits on top of the ones we already have.


    But, for average Americans, who if my hunch is right, are only now (as per historical statistics) getting into the market, their risk is already magnified 50% because they waited until CNBC told them to get in, until Abby J, Cohen told them to get in, and until the news started appearing better.


    I wish them all the best of luck, but it sure is a shame that investor behavior when it comes to the average person, just never changes over time, regardless of how much money is taken from them by those who just know better.
    7 Aug 2009, 10:46 AM Reply Like
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