The Market In 2007!
The following is my post from 9/13/06 that you can view in my archives:
My Theory For The Market In 2007
The market from here on out should be in rally mode. The Dow is up 5.5% since the beginning of the year. The Nasdaq is now even. The S&P 500 is now also up over 5%. I believe that these gains should continue into the Christmas season and will not end until the end of 2007. There is a lot of money to be made in the coming year so be on the prowl for breakouts.
I wanted to add to this post. My theory for the markets is that every four years, during the summer of the second year of a presidential term, the markets tend to be weaker. I have looked back approximately 30 years and found that the DOW has gained as much as 5-6% but has lost as much as 25-28% during this time. The second part of this theory is that the markets tend to go up starting the beginning of October after the summer, through the end of the following year. Yesterday (10/3/06 - in the afternoon), on CNBC, they stated that since 1939 the market has never had a negative year in the third year of a presidential term. History usually repeats itself, so if you are sitting back waiting for something, stop waiting. Start buying slowly and by the end of October or early November be fully invested and diversified in great companies to make money. If you are able to trade and check this blog often, follow the stocks I buy and buy them. If you cannot buy the following stocks: AAPL, BA, BAC, BRCM, CVC, CVX, EBAY, F, GOOG, GS, ICE, LEH, LMT, MRK, NYX, TM, VLO, VZ, WFC and X. You can also buy 1 or 2 other stocks that you choose, even if they are speculative plays for the year. I would recommend an ETF, maybe Canada (EWC) or Australia (EWA), would also be good picks to fill the last slot. Put the same amount in each stock and let your money work for itself.
My Theory For The Market In 2007
The market from here on out should be in rally mode. The Dow is up 5.5% since the beginning of the year. The Nasdaq is now even. The S&P 500 is now also up over 5%. I believe that these gains should continue into the Christmas season and will not end until the end of 2007. There is a lot of money to be made in the coming year so be on the prowl for breakouts.
I wanted to add to this post. My theory for the markets is that every four years, during the summer of the second year of a presidential term, the markets tend to be weaker. I have looked back approximately 30 years and found that the DOW has gained as much as 5-6% but has lost as much as 25-28% during this time. The second part of this theory is that the markets tend to go up starting the beginning of October after the summer, through the end of the following year. Yesterday (10/3/06 - in the afternoon), on CNBC, they stated that since 1939 the market has never had a negative year in the third year of a presidential term. History usually repeats itself, so if you are sitting back waiting for something, stop waiting. Start buying slowly and by the end of October or early November be fully invested and diversified in great companies to make money. If you are able to trade and check this blog often, follow the stocks I buy and buy them. If you cannot buy the following stocks: AAPL, BA, BAC, BRCM, CVC, CVX, EBAY, F, GOOG, GS, ICE, LEH, LMT, MRK, NYX, TM, VLO, VZ, WFC and X. You can also buy 1 or 2 other stocks that you choose, even if they are speculative plays for the year. I would recommend an ETF, maybe Canada (EWC) or Australia (EWA), would also be good picks to fill the last slot. Put the same amount in each stock and let your money work for itself.
posted by Ben Sakhai | 9:27 PM
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