Lombardi: Expert Stock Market Commentary & Forecasts, Financial & Economic Analysis Since 1986
Stock Market Commentary & Forecasts, Financial & Economic Analysis

Welcome to Profit Confidential • Tuesday, May 22, 2012

Waiting for the Next Buying Wave

Monday, October 15th, 2007
By Mitchell Clark, B.Comm. for Profit Confidential

The big news this year continues to be the strength of large-cap companies. Long-time readers of this column know that I like to follow a number of large-cap, bellwether companies so as to get a better sense of where the broader stock market might go.

All of them — GE, IBM, HPQ, DE, etc. — they’re all trading at new highs and this is no small accomplishment considering the severity of the credit crisis just a few months ago.

Clearly, with so many large-cap companies doing so well on the stock market, the probability of rising stock prices in the broader market over the near term has increased.

We just came off a fairly significant correction and I therefore don’t see any bubble in stock prices at this time. My near-term outlook for stocks has changed over the last few days. I’m definitely getting more bullish. Even if third quarter earnings aren’t that great; as long as there aren’t too many big disappointments, the stock market should be happy with the results. If we get another interest-rate reduction within the next month or so, then we could get a significant rally that lasts until year-end.

From my perspective, I haven’t been able to find really attractive new buying opportunities in this market. Back in the spring and summer, I was finding great new stocks every week. I still contend (unscientifically) that attractive, new buying opportunities in the stock market tend to occur in waves. I’m waiting and hoping for the next wave to begin soon.

Of course, you can’t predict these things. You just have to roll with the market and look for the best opportunities it has to offer. The good news is that so many stocks, particularly Chinese stocks, have done so well this year that their capital appreciation more than offsets the lack of new investing opportunities at the present time.

 

Next Post:
Previous Post:

Tags: ,










Sign Up for PROFIT CONFIDENTIAL and
receive a FREE copy of our exclusive report:
"A GOLDEN OPPORTUNITY FOR STOCK MARKET INVESTORS"

Enter e-mail:

We respect your privacy and
will never share your e-mail address.



Profit Confidential AuthorMitchell is a Senior Editor at Lombardi Financial specializing in small-cap stocks. He’s the editor of a variety of popular Lombardi Financial newsletters, such as Penny Stock Reporter, Micro-Cap Stocks, and Monster Profits. Mitchell, who has been with Lombardi Financial for thirteen years, won the Jack Madden Prize in economic history and is a long-time student of equity markets. Prior to joining Lombardi, Mitchell was as a stock broker for a large investment bank. While Mitchell is not working he enjoys fly fishing, motorcycling and tending to his hobby farm.

Daily Profits


Enter your e-mail address to subscribe to
Profit Confidential — IT'S FREE!
Enter e-mail:
ALSO RECEIVE A FREE COPY of our exclusive report:
"A Golden Opportunity for Stock Market Investors"

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

 

Corporate
About Us
Privacy
Disclaimer
Contact Us
White List
Sitemap

Profit Confidential
Predictions
Gurus
Archives
FREE Sign-Up
RSS
Twitter
Facebook

Editors
Michael Lombardi
George Leong
Mitchell Clark
Tony Jasansky
Robert Appel
Wendy Potter
Sasha Cekerevac

Topics
Gold Stocks
Stock Market
Bear Market
Bull Market
US Dollar
Euro
Interest Rates

Expertise
U.S.Deficit
Real Estate Market
Debt Crisis
Chinese Economy
Economic Analysis

Guidance
Investment Guidance
Retirement Plan
Chinese Stocks
The Best Stocks
Gold Stock Picking
Real Estate Investment

Resources
Gold
Precious Metals
Real Estate News
Gold Investments
Investing in Real Estate


Profit Confidential Disclaimer