Stock Market Concerns

A few months I spoke often of how I was concerned about the stock market taking a dip. Well, I have been getting that feeling again. I was not right the first time when conditions were much worse than now, but the stock market moves in cycles. There has been a good run for a while, but can it really last? Their are a lot of bulls out there saying this will be another double-digit gain for the S&P 500, but the bears seem to be getting ignored.

Personally, I do not have any investments outside of retirement accounts, many of which are set up directly through mutual fund companies. However, my other holdings in my Scottrade account and my wife’s TD Ameritrade (we are in the process of closing this account) account have been liquidated (including Pfizer (PFE), Walgreen (WAG) and Qualcomm (QCOM)), except for the S&P 500 EFT and The New York Stock Exchange (NYX).

While I am not 100% sold on the bulls, but I am going to re-enter the stock market. I am going to go after Goldman Sachs (GS), Altria (MO) and Berkshire Hathaway (BRK.B). I believe all of these stocks are the best in their sector, also I think they Altria (MO) and Berkshire Hathaway (BRK.B) will be able to weather any potential stock market downturn. Goldman Sachs (GS) deals only with the wealthiest of the wealthy, so if there is an economic slowdown this group will be less affected than average Americans

Written by Nagel on January 26th, 2007 with no comments.
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