Sunday, December 7, 2008

Weekly summary

Last week was a recovery week for the Dow. After getting pounded badly on Mon, Dow bounced back limiting the damage. Dow Jones REITs had a good week, rising 4 after a terrible Mon. The Alerian MLP Index didn't fare as well, dropping 15.

Next 2 weeks may be tough, notwithstanding the partial auto bailout plan coming. This is the time to line up ducks, looking for good buys (which may get even better) & set target prices. High yield securities, MLPs, REITs & junk bond funds, among others, will help the very smart investor get thru what should be a very volatile 2009.

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