CHICAGO, Feb. 10, 2012 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "MightyMo".
For more Voice of the People, visit http://at.zacks.com/?id=5851
Market Percolates, Doubters Wait
They're coming out. The doubters, the doomsayers, the media 'fools' and of course the troll community. They're telling you the market is 'too high', they're telling you the 'market is over-valued'. They're telling you 'the market has moved too fast too quickly and wait for a consolidation'. They telling you to be 'cautions in this market condition'. They're telling to 'sell your profits and wait for a drop off'. They're even telling you to watch out 'for a Greece collapse'. They're telling you stocks are 'bloated gross pigs'. They're telling you of the impending Syrian war. Of course, the bottom line is they're telling you to lose money.
This market reminds me of the great market bull market that started in March of 2009. This IS AN EASY TIME to make money. The market still has a long way to go up. DONT WASTE THIS GREAT OPPORTUNITY TO MAKE MONEY!!!!
It's time to join the party; there's still time. DONT BE LATE! In this market, ones DOES NOT WAIT FOR THE PULLBACK. Go now, don't hesitate!
Of course, market technicians are telling you the woohoo charts are telling you to sell -- that resistance et. al. is about to occur. Seriously, get real. The fundamentals are good; the economy is getting better, the jobs market, the housing market all better. What COUNTS is what is happening here and not in some little foreign country.
Here's what to do RIGHT NOW! Get in and follow the winners, the momentum stocks that have moved and will move even higher. Watch the stock carefully however and be ready to pull out at the first occurrence of weakness. Don't hold, get in and out, over and over again. Get back in on the first sign of strength, get out on the first big sign of weakness.
Again I repeat, don't hold on. The market is fundamentally undervalued, the technical indicators might say otherwise but they are totally useless and un-reliable. The economy is what counts. The administration is going to do EVERYTHING it can to get the economy right for the November elections. Companies are hiring again, rates are still low and inflation is being held in check. ONE HELL of a GOOD TIME to be in the Market!
DON'T FIGHT THE MARKET!
The most recent picks by «MightyMo» are:
A sell rating on Walgreen Co. (NYSE: WAG)
a buy rating onOccidental Petroleum (NYSE: OXY) and
a buy rating on Brown & Brown (NYSE: BRO).
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|SOURCE Zacks Investment Research, Inc.|
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