Stocks bounced all over the place today but ended up. Dow was up 46, advancers over decliners 3-2 & NAZ was up 14. Today 100 stocks recorded new 52 week lows. Economic news keeps coming in gloomy. Retailers reported disappointing sales & home sales are in the dumps.
The Senate is still debating the economic package with tax cuts. The idea was it would be approved by the 15th, don't bet on it! If all goes well, the rebates are supposed to reach tax payers by May. Tomorrow can be another wild day, but may end the week with dreary results.
Time for a plug for the S&P Dividend Aristocrats, a group of 56 companies in the S&P 500 Index with minimum 25 year track records of higher dividends year over year. Many go back 30, 40 or even 50 years. Look to these long term winners for investment ideas. I remain very cautious about the future with all the difficulties the economy faces.
No comments:
Post a Comment