Call the financial sector (banks with sub-prime interests) "Rocket Man", cause I think it's gonna be a long, long time. (Before we see the bottom.) StrategyUpdate.com's Batcomputer says the sub-prime problem is mucho, mucho mas of a problema de hablamos. (Much, much more of a problem than they are saying.)
As a matter of fact (well, no...it's not actually "fact", just my opinion), I think the U.S. economy is in for much more of a set-back than being discussed. People are talking about "recession", but my Batcomputer keeps saying that it is "inflation" that will end up being much higher than being discussed. (My Batcomputer has been shockingly accurate in the past, so "much higher inflation than factored into the formula" is a concern on strategyupdate.com's radar.
Why would you wanna chase this loser sector, thinking it has bottomed-out, and may crawl back up...when there are many, many high-perfoming stock that will better withstand any overall market dips?
Look at the GPS device industry. They are the surprise big sellers this holiday season. Many of the most popular models are sold-out. Garmin is a maker specializing in GPS. They are up 8.5% so far, today, based on the sales news. Nokia is going to be in the GPS business, too.
And they say Apple stores were attracting customers like a human magnet. Not only are iPods selling as you would expect; but laptop sales are said to be waaaaaaay up! So if you didn't buy at $15, as I asked you to, it still looks like a good time to take a bite out of Apple.
Meanwhile, check out strategyupdate.com: The new resource tool for investors with lots of good links to all the good sites you need to monitor for financial info; and some good articles and videos to help you with "big picture" strategy, to help you be a more efficient investor.
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