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Stock picks and pans for troubled times: ADM, FSLR, GG, CLWR, DELL, MTW ... |
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| Jan 16, 2009 11:20 PM UTC |
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Via BloggingStocks:
Filed under: Dell (DELL), Archer-Daniels-Midland (ADM), ETF Investing, Goldcorp Inc (GG), Kinross Gold (KGC), Stocks to Buy If there was any doubt whether the rally at the end of 2008 and the beginning of 2009 was anything but a bear market rally, this week put these doubts to rest. The Dow Jones Industrial Average is already down 8.3% year-to-date; it sank 6.2% this week alone (notwithstanding Friday).This week the financial crisis once again took center stage as Bank of America (NYSE: BAC) and Citigroup (NYSE: C) received a second round of bailout money and more guarantees. BAC is finding hard to digest its two acquisitions, while Citi is splitting itself and is no longer a financial supermarket. But this wasn't all that happened this week. The fourth-quarter earnings season kicked off Monday; Alcoa (NYSE: AA) reported dismal numbers, all the rest followed suit. Even if there were a few surprises to the upside that exceeded expectations, the expectations themselves were already quite low. Continue reading Stock picks and pans for troubled times: ADM, FSLR, GG, CLWR, DELL, MTW ... Stock picks and pans for troubled times: ADM, FSLR, GG, CLWR, DELL, MTW ... originally appeared on BloggingStocks on Fri, 16 Jan 2009 18:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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