Tag Archives: natural gas
Breakout or fakeout? Stock prices tried to break through to the upside this week, with the S&P 500 edging above its May high intraday on Wednesday and Thursday. But the market couldn’t hold its gains, despite a strong lift from bonds. We wouldn’t be surprised if the bulls tried again next week. However, we don’t think stocks are quite yet ready for the blastoff we’ve been waiting for.
Might as well get used to it, because this is the pattern we’re likely to see repeated several more times over the next six to 12 months. Stocks slid today as investor anxiety mounted over the latest Bush administration miscue (the hastily quashed Miers nomination).
Will these oppressive energy prices ever calm down? It’s a thought on the mind of every stock investor these days as prices for oil, gasoline and natural gas (the real “screamer” of the three) flirt with all-time highs.
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.