It sure has been another blood bath for stocks on wall street today as we feel the pain again of another dose of triple digit loses. Most investors just bailed out of stocks and really went looking for safety in their portfolio after last weeks disaster decline on Thursday. Stock performance started out this Monday as the same sour note with investors hedging bonds over stocks. This shift has driven the market indexes to another 146 plus points decline before closing bell with most stocks and some bonds off a full percentage point or more today. I think this is just a market correction that we have all have to bear the brunt of this week. On the brighter side some under value stocks in the oil and utilities sector actually gained a average of 2 to 3.5 percent in today's market weakness which is good.
Stocks like Geo Petro and Teco Energy gained a healthy 2.4 percentage on the market share price. Look for a some solid stocks to do well such as Verizon and Microsoft in the coming days as investors buy back in on cheap dividend payers. Good investment in the cheap stocks and bonds are a solution to the building your individual wealth even in a weak market. Have a great day and invest wisely so you earn money on your portfolio especially on dividend paying investments.
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Monday, June 25, 2012
Dow Losses
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