Lange Financial Services Market Update. BULLISH. We At Wall And Broad Believe Its Time To Buy Stocks Now, And During Weakness.
Sun, 10.09.11 8:14pm EST
LANGE FINANCIAL SERVICES MARKET UPDATE. OCTOBER 9, 2011 7:00PM
During the past several months investors have suffered through:
1. The Debt Ceiling Fiasco
2. The Downgrade of US Debt
3. Widespread forecasts of a recession in the USA
4. The Eurozone Financial Crisis
5. Lack of leadership in Washington, DC
6. The forecast of a Chinese economic recession/ collapse
7. High negative investor sentiment- levels higher than during the crash of 2008
Despite these negatives above we believe the market has been discounted by the recent 20 percent correction; even moreso in individual stocks.
We believe that recent market action is synonymous with an important Market Bottom, especially for individual stocks.
We strongly recommend the accumulation of high quality growth stocks with good earnings forecasts, especially during periods of any market weakness. As we have said consistently, buy quality stocks during periods of weakness, with the goal being to achieve a good average price. The markets have certainly reacted strongly, and with extreme volatility, to the negative news mentioned above over the past months. We believe the risk now is to not be Long going forward into 2012. Always remember, The Markets Make The News.
Updated Favored Stocks List Include:
CLF Cliffs Natural
FDX Federal Express
AXP American Express
XOM Exxon Mobile
UTX United Technology
Steven Jobs 1955 to 2011