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Market recap: Stocks clawed back from early losses but still finished lower, as all three major...

Market recap: Stocks clawed back from early losses but still finished lower, as all three major averages closed their worst month in two years. Stocks, weighed by a raft of weak U.S. economic data (I, II, III) that sent Treasury yields to new record lows, bounced after a story (later clarified) suggesting the IMF is working on a “rescue loan” for Spain. NYSE decliners led gainers seven to six.
Comments (16)
  • ...Closed at their worst levels...

     

    I might add,
    on explosive volume...
    Early stage 3 or "C" Wave to the downside, could be very nasty.

     

    This could also be very swift!
    Violent to the downside!
    Staying out of the market sometimes,
    is sound strategy.
    "Not being in the market, is the smartest move",
    maximum safety!
    Jerry
    31 May 2012, 04:42 PM Reply Like
  • Yes, volume was considerably above average.
    31 May 2012, 08:04 PM Reply Like
  • Jerry,

     

    Regardless of where and how one derives that "feeling of falling",being off the field of battle can prove to be the most profitable front to side with.

     

    Me ? I never feel the need to show my mettle in what could be a blood bath and there has yet to be designed a methodology to calm the water and prosper regardless of what is going on every
    day in all corners.

     

    Best going forward.........

     

    Tom Durkin
    31 May 2012, 05:31 PM Reply Like
  • SPX down 6.3% in May (7.7% from April 2 high) after long run up. Not exactly earth shaking.
    31 May 2012, 05:32 PM Reply Like
  • Tack,
    Read over some of your 6523 comment. Kitty has sharp claws. Other than that I know nothing. Says you trade daily. Never read about you buying or selling anything. The way you come across your the smartest guy on SA.......But we will never know. Because you don't provide any timely advise on any stocks. You maybe CIA or Wallstreet writer. With 6523 comments it sounds like a full time job. How's the pay, can I get in on that gig.
    Stupid me ..... just figured it out. You must own SA.
    31 May 2012, 08:02 PM Reply Like
  • User:

     

    I monitor markets daily because that's what I do, as a full-time, self-managed investor with substantial accounts. I think, when I was setting up my profile, that the choices offered by SA didn't give me the ideal selection for what I do, so I picked the closest.

     

    I am, as I have stated many times, what I call a "deep-value, high-yield" investor, i.e., I look for beaten down sectors and issues, especially ones that offer substantial yield, and I buy them. Then, I harvest yield, await price recovery, and roll them over when prices rise to the point where I no longer consider the yields compelling. Now, I may make a bunch of trades, day after day, or I may make none for weeks. It all depends on what's happening.

     

    What I don't do is try to play short-term market swings or guess when they will occur. My focus is on valuation, not immediate trends. As a value player, in particular, I eschew momentum stocks and dislike charts where lots of gain has already occurred.

     

    Numerous times, I have stated both individual issues and sectors I like, so it's all there if you wish to research the comments or "follow" me. Of course, if you think the big money is in cynical sarcasm, then, of course, no further action is required.
    31 May 2012, 08:41 PM Reply Like
  • Good response..... I commend you. Since you have some many comments to read through would you mind sharing what two industries you invest in. ( please)
    1 Jun 2012, 06:52 AM Reply Like
  • User:

     

    I am invested in more than "two" industries. However, presently, sectors which I favor for value are:

     

    -- financials, including regional banks, insurers and business development companies (BDC's)

     

    -- realty, including commercial and residential REITs

     

    -- energy, including oil and natural gas developers

     

    All of the above inslude a distribution of debt, preferred and common issues to balance income, growth and risk

     

    P.S. Europe soon will offer once-in-a-lifetime buys for well-chosen financials, industrials, telecoms and energy. Follow closely.

     

    Good luck.
    1 Jun 2012, 07:09 AM Reply Like
  • Tack,
    I agree with you about Europe. Presently following ABB, and TEF. Unfortunately for me I am not very knowledgeable about analyzing companies. Would you mind sharing what companies your looking at or any words of wisdom. If I may ask how did you get your education on stock picking ? I would like to learn more but don't know where to turn to. Any help would be appreciated.
    Thank You
    1 Jun 2012, 02:27 PM Reply Like
  • User:

     

    Just self taught through experience over liftetime (am 62). Tried various approaches, found what worked well for me, developed expertise through experience in that specialty over 17 years, i.e., depressed-value yield issues.

     

    As for Europe, my tracking list includes:

     

    STD (and preferreds)
    BBVA
    TEF
    FTE
    TI
    REPYY
    TOT
    VE
    AV
    RBS (and preferreds)
    ING (and preferreds)
    AEG (and preferreds)
    1 Jun 2012, 02:35 PM Reply Like
  • Sell in May and go away . . . why didn't I listen?
    31 May 2012, 06:01 PM Reply Like
  • Time to buy this dip.
    31 May 2012, 06:04 PM Reply Like
  • Yeah go ahead and buy!
    31 May 2012, 08:14 PM Reply Like
  • Gentlemen:

     

    Let's not forget June 17, The Greek election. Also, note that the TNX closed today at 15.81, the second all-time low yield in two days.

     

    The bond market is heading for the bomb shelter.
    31 May 2012, 07:06 PM Reply Like
  • The two "D" words have to be entering the vocabulary pretty soon. Personally I'm afraid of deflation because I don't believe I have the tools to profit by it as I've never experienced it. Until now.
    31 May 2012, 09:13 PM Reply Like
  • Not sure what is more fickle; the markets or the lemming traders
    1 Jun 2012, 02:56 AM Reply Like
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