Posted by Davy Bui on October 19th, 2007 in Stock Research
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As I type this, the Dow is down 330+ points and all indices are negative 2% or so but I’m still having little luck finding interesting prospects. There are a few stocks coming into my zone as well as a new addition to the portfolio that still has a little further to drop before I add to the position.

Take a peek at the US $ index also. I wouldn’t be surprised if serious thoughts of intervention are entertained shortly.

******UPDATE *********

The market just closed and here’s a semi-uninteresting point.

The Fed cut rates on Sept 18th and the market rocketed from there. After today’s close, both the Dow and the S&P 500 have now finished below the levels they closed at on the Fed’s last meeting day. The Nasdaq is still higher due to tech’s outperformance over the last month. Kinda suggests that the Fed needs to bring more ammo to this killing field but like I noted above, the US$ index can not be ignored at these levels.

Not anything that should drastically affect a “value” investor but interesting nonetheless…