“I’m goin down
I’m goin down
Cause you ain’t around baby
My whole world’s upside down” -Mary J. Blige I’m Goin’ Down
Ain’t the stock market fun? Down, down, down it goes, each and every week as if it’s trying to outdo itself from the week before. Funnier still is the fact that there will be a nice little rally thrown in between all of the bad days to make sure investors will still play the game. Hell, it’s been so bad that our President came out and encouraged investors to start buying because it had become an ideal time to buy. My funny bone has been tickled to the point where it hurts to laugh.
*the market has had its way with my funny bone lately
Let’s see what last week bought us: NEW LOWS. Lots of them! We had the Dow Jones at 6531 at one point on Thursday, investors groaning over had bad it’s getting. Then, of course, the S & P Index dipped below 700, hitting 666 (interesting number, ain’t it?) at its lowest on Friday. Nasdaq fared no better, hitting a low it hadn’t seen since 1996, dropping to 1268 sometime Friday. IS THIS THE APOCALYPSE?!
*is the Apocalypse trying to tell us something?
So, it’s finally time to the panic, right? Sure, if you’ve got nothing better to do. Panicking is just what they want, just what they’re condoning and just what they’re hoping for until the political agenda changes. When that happens, you will start feeling relief and will probably begin having trouble panicking. Remember something: money controls EVERYTHING.
MONEY = POWER = WOMEN = RESPECT (any order works)
I mentioned two weeks ago in this segment that there was a chance the market would drop more before starting its eventual upturn. My belief is that upturn is upon us, sooner rather than later. One problem: that upturn will not be noticeable at all in the beginning. Unfortunately, it’s at its least noticeable that investors can make the most money. Usually, by the time the general public recognizes a change, it can be too late. And that applies to everything from the market to buying a house. Wouldn’t it be great to know that you purchased your house at its lowest mark only to see if increase almost every year afterwards?
*buy it now and your house may just shoot up in value
I’d also like to act as if I care about those people infested with panic and anxiety. I can be one of you sometimes so I have no quarrels with you. However, this kind of thinking only exacerbates the problem. Best thing you can do is just not look at your money. AT ALL. The more you look at it day in and day out these days, the worse it looks. So chill out and keep your eyes away from your account. It will save you a lot of pain. Besides, start planning for the future with something I’ve decided to point out for you:
GREAT STOCKS TO BUY BEFORE THE BULLS STAMPEDE
*get in before the bulls start goring the bears
Here’s what I’ve done for you, my friends. I’m listing 4 big American companies I think are definitely worth buying for one reason and one reason only:
THESE COMPANIES ARE SITTING ON TONS OF CASH
EXXONMOBIL (XOM)
As much as you really don’t want to like this company because of what oil stands for in this world, you really shouldn’t be prejudice. Why? Because these big oil boys are sitting on $28 billion in cash.
APPLE (AAPL)
iMac, iPod, iTunes, iMONEY!!! Everybody wants to own a gadget with an “i” in front of it because Apple knows what the hell they’re doing and refusing to sell crappy products. They also seem to refuse to be in debt because they enjoy sitting on $24.5 billion. Must be fun to sit on a chair that high.
CISCO SYSTEMS (CSCO)
Cisco Systems is one of those tech companies that does SO MUCH in the tech world that you barely even recognize its power or how much money those folks have. $18.5 billion and counting.
MICROSOFT (MSFT)
People have been giving Microsoft a lot of pain lately from their announcement of slashing 5000 jobs to their new venture of starting Microsoft stores to compete with Apple. When you have $14.5 billion in cash and Bill Gates, you have the power to tell a LOT of people to shut their pie holes. Tell ‘em, Gates!
