Tuesday, July 17, 2012

Market Update 7-17-12

Ben Bernanke is speaking now in front of Congress.  It is a good idea to wait on mornings like this and let the news comes out before getting into the market.  However I went against better judgment when I saw that Dunkin Donuts was way off the highs it hit yesterday.  The guidance had been lifted and it was looking attractive at these levels.  Dunkin has a lot of strength behind it much like Walmart had a few days ago.  

Walmart is looking attractive at these low levels as well but the strength is not there and it is at all time highs.  I may hold off for lower levels.  

We are seeing a lot of selling going on in the markets and today may be a good day for some bargains.  Let things play out a little bit and then think about getting in after the mayhem is over.

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