The vibe of the market has changed. There’s been a lot of analysts beating the
drum for a bear market. Thoughts do
become reality and when you have a lot of analysts and commentators talking
about a bear market they are in effect creating it. That said you can create your own market
conditions if you follow trends and the technical setups. Yesterday’s craziness was the release of a
lot of pent up anxiety about the market selling off to a support level. People are now waiting for some encouragement
from earnings numbers this week and the Fed minutes that come out at 2pm today.
Some of the best plays to make during times of anxiety are
in companies that provide comfort and these are companies that sell guns,
cigarettes, candy, sweets, ice cream and cheap household items. My conscience keeps me from buying guns and
cigarettes but ice cream, sweets and cheap household items are stocks I’m
looking at (WMT, DNKN, TGT, DG).
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