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Great article! Before it is over and done with, the majority of investors must see and hear the
Oct 26 09:25 am
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All Comments by jimmy Turano »Looking at Last Week's Weakness, and What It Could Mean [View article]
'ALL CLEAR' alert. This is just like a forest fire out of control, and it will take some months of burning out before anyone returns in great numbers. Many investors have been burned already, so the confidence level is currently shattered. Quality companies will still be the foremost considered when investors start returning, like JNJ, MSFT,GRMN,FAST,NPK, and MKTAY, especially during a recession. Some of the biotech companies are interesting at these new levels, but some need to go bankrupt because they do not belong on the exchange any longer. They have cost shareholders huge amounts of losses, and some do not even have any products, but have huge debt, no sales growth, and investors have watched the stock drop between 85-95% in value over the past 12 months.
They continue to offer HYPED news releases while management still gets paid and receive bonuses.
They need to be weeded out and the research firms that follow and tout them too.