Apple has a low PE, an incredible balance sheet, and potential for further growth.
I will be far more discerning about taking new long positions.
The success or failure of Best Buy founder’s buyout effort is key.
QE 3 turned out to be “QE infinity,” giving the market a bit larger of a bump than I expected.
A Fed QE3 move will be a short term positive, but it will not solve or even hide all the problems facing the economy.
Wall Street may be a rigged game, but it matters little to long-term investors.
Despite the recent policy breakthrough, I think the celebration will be short-lived. The reality is that there still too much debt.
These sell-offs come in waves, and I expect more selling pressure as shocks from Europe and elsewhere continue to roll in.
The company reported disappointing quarterly earnings and replaced top management.
The U.S. economy has been stronger lately, but are we strong enough to withstand all the potential shocks out there, given our own need to cut deficits?
February was pretty uneventful for both Alpha Trapper and Beta Blocker models. No trades were made and price movement was minimal.
I have not abandoned my caution in the face of the market gains in January.