Even though the subprimes are hammering this market, there appears to be a ton of money just waiting to get in. A lot of corporate money, fund money, etc. just waiting to get in. With a reported depreciation of homes in some areas, people just may not feel like they're getting ahead right now. Plus, corporations are annoucing cutbacks, downsizes, and outsourcing just about every day. Makes a lot of people jittery. A lot of puts right now, so it appears that the pros are looking for some downpressure before a return to the upside. It may be time to look into the "rocks", but I just wonder how much value and upside is there to companies with the market values they hold now. Agree with international exposed companies, just wondering why the opinion of downside to US based utilities. Some basic good returns on yields in some, and some have a nice return so far this year. MO is being touted thruout some areas, and I do hold some of MO, but it has been weak thus far for the year to date (down a little over 4% year to date). Hopefully it will turn around. Maybe this is one of those times to just sit, wait, and let the dust settle before moving in either direction. A lot of "antsy" folks out there right now, and I'm sure some fund managers are spending a lot of time on the phones w/nervous clients. Some pundits keep telling everyone that the fundamentals are very strong, but IMO, I am starting to see some very weak signs. I still believe that the market will turn around to a very good upside this year, and to add insult to injury, every time we turn around there appears to be another shot across the bows in DC. Invest in Tums and Rolaids for now. Any input is appreciated.
|