Market Wrap-Up for Jan.26 (ROK, BA, COP, ABT, DD, more)

I’m sure most people could have written the script we heard last night on what the U.S. needs to do to turn things around. The problems are obvious (lack of jobs), but the solutions are not. Unfortunately the problem with politicians is that most of the time, they recant the issues we already know – get the standard applause when they say things need to change – but rarely offer up any solutions. I find it fairly comical how the mood shifts occur and all of a sudden what the President is saying is good for the market. I’ve got news for everybody: the market already expected what the President was going to talk about. Folks, we have gone from Dow 6600 to Dow 12,000 in a matter of 20 months. What, you didn’t think the President would get business-friendly? I have never met a politician that hasn’t changed his/her stripes to get on the right side of the track when their political career is on the line. If you toughed out the bear market by just putting capital into names that were still on our recommended list at the time, your returns would be unbelievable right now. Despite the recent rally, we are still looking for more buying opportunities going forward. The job of putting capital to work never stops and neither does our job in finding the best dividend stocks for your investment portfolio. I remember my baseball coach yelling at one of the kids at our team that loved to get on base by just watching pitches and walking. If you don’t swing the bat, you’ll never know how special a player you can become, and that holds true for investors too! Sitting in cash is the equivalent of just taking walks. Don’t worry about getting an uptick the minute you buy shares, or waiting for that magical perfect entry point. Just get back in the game already! Speaking of swinging the bat, we added two new names to our recommended list today (there have been a total of six new names added this week). Be sure to check the link below for the names in case you didn’t read the e-mail alert we sent out earlier. The markets briefly touched over Dow 12K on the back of the State of the Union euphoria as well as the Federal Reserve deciding to leave rates once again (certainly …

See the rest here:
Market Wrap-Up for Jan.26 (ROK, BA, COP, ABT, DD, more)

Tags: , , , , , , , , , ,

About the Author ()

Leave a Reply

Your email address will not be published. Required fields are marked *