Online Stock Trading | Stocks Continue Sideways; Focus Should Remain on Growth Stories

Stocks Continue Sideways; Focus Should Remain on Growth Stories


Filed Under Market Commentary |

Stocks battled back from pretty bearish inflation news from the PPI numbers.  Not too mention fear spreading across the globe about food shortages.  However, the biggest bearish news of all was Crude Oil soaring to all time highs hitting 114 at its peak.  With all the headwinds stocks seemed to shrug it off and plow forward.  To no surprise anything related to Oil was moving higher.  Out side of oil things remain dead.  Not much headway has been made, but at the very least we are seeing heavier volume on up days and lower volume on down.  At this point, this is all we know and cash remains king!

Our Crude Oil issues can be solved quite easily.  Its really a two step solution, KISS - Keep It Simple Stupid.   First, drill the heck out of the North Dakota shale that has about 4.3 billion barrels of crude oil.  Then move onto Wyoming, Montana, and Utah.  We should also be drilling off the coast of Florida and pretty much anywhere we can find oil.  Secondly, we need to give incentives for new firms to produce alternative fuels.  Not biofuels or ethanol, but HYDROGEN fuel cells!  Ethanol produced from corn and other food supply products should be simply stopped.  This pretty much would solve our issues with energy, simple.

At any rate, this market is not yielding a tremendous amount of new winners.  I highlighted PWRD over the weekend as that stock continues to base.  As I find more, I will add them here.  Not much to else to add to a market that is simply moving sideways!

Market Speculator

Last 5 posts in Market Commentary

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists
  • Bumpzee
  • StumbleUpon

Comments

Leave a Reply