Stocks for sale

The crush of the financial sector caused market participants to squeal like a pig. Who would have thought that on a day known for online shopping the most popular items are stocks for sale. I remember writing on November 3, 2007

“Credit markets still on a slippery slope. Markets nervous, seems a shoe drops weekly, I am hopeful that Cinderella is not a centipede”
http://forensictrader.blogspot.com/2007/11/good-bad-ugly.html

If you are reading what I am saying now then it is imperative you click on the link above and read what I said then. My blog is geared to the active trader however it is also forward looking because it mentions economic events that are festering or sometimes hints of potential stock plays and should not be discounted.

Just finished watching “Mad Money” and Jim Cramer said investors should protect their portfolios from recession, (well he did not say recession, he said the “R” word) with defensive stocks such as Coke, Pepsi, Proctor Gamble, and others. A good idea if your name is Warren, but if you are a Citi, Countrywide, Bear Stearns,or Merrill employee ………………

At this point who wants to risk capital for the long term, only investors who can afford to and employees contributing to 401k plans? Ironically, the contributions amounts were increased and new employees will be defaulted into contributing into their companies plan unless they opt out.

As always keeping real, see the Forensic Trader Radar (FTR) by clicking on the below link.

http://spreadsheets.google.com/pub?key=pWDllmclb1SYVITSeK9-EbA


Forensic Trader - Copyright © 2007, all rights reserved.

Symbol, Volume,and Closing price data are assumed accurate, however readers are responsible for verifying stock market data. Bias, support and resistance is determined via proprietary calculations and should not be considered buy or sell advise.