The World's Worst Stock Picker

A Buy & Hold Forever Dividend Stock Portfolio

I was actually going to say the same thing. I bet you any money that at one time GM and Ford where on those lists of "buy and hold forever". Use trading stops and some hedging please!


On Nov 04 06:11 AM XeroJ. wrote:

> Took advice years ago and bought GM. Look what happened, worth less
> & less each day. Big industries nowadays are all facing union
> problems and one by one slowly moving overseas. There will be Strikes
> again at Boeing a few years from now. They seem to love that. GM's
> future is uncertain, and almost nothing is certain. Even what the
> new President is going to do is uncertain, whoever he is !!

Saut: Sell Financials, Gold; Some Buy Ideas

I agree. Buy gold on dips. I also think that the Raymond James analyst is a genius! I quote: Excerpt from Raymond James strategist Jeffrey Saut's latest essay, published Monday (September 22):

"As for the financials, we think they should be SOLD, except for some very select special situations, on the premise that their fundamentals are not all that better even following the proposed bailout. Moreover, our sense is there will be a huge number of lawsuits regarding the potentially illegal maneuvers employed by the government to “save” select financial institutions."

Thanks genius from Raymond James. Next time please can you give us this advice before the financials dropping more than 50%. Thanks a lot!