Tag Archives: Eliot Spitzer
It’s an open secret. After five years of wrestling witha a stingy stock market, a lot of investors feel torn. But I would hate to see you miss out on the superb opportunities for long-term growth that are waiting to be plucked in today’s market. I’m talking about a small, select group of blue chip stocks so cheap that you’ll want to hold them for years and years.
What happened to the March stock market “correction” I’ve been talking about? Don’t worry. It’s almost here. As old market hands know, stocks have a tendency to rally during the last few days of the month and the first couple of trading sessions in the new month.
Patience pays — again! In our December issue, I recommended Alliance Capital Management (NYSE: AC) for income investors as part of our Incredible Dividend Machine. I told you to buy the stock (technically, a master limited partnership) at $32 or less. Some subscribers may have felt bummed when AC traded steadily above our target buy price for the first eight business days of this month. Did Richard miss the boat on this one?
New York’s combative attorney general, Eliot Spitzer, is on the warpath again. After his billion-dollar settlement with the brokerage industry, Spitzer is now going after mutual funds that tolerate tricky practices.