It is kind of once a “weekend check” is enough to follow if there is anything happening. Weekly changes, but perhaps monthly changes check might be enough for the rest of 2011.
I am safe mode for the rest of the year meaning I don´t hold any “growth” story stocks anymore which is not fundamendally fully supported and cheap as damn. Practically it means stocks which generates at least same profit with any cycle.
I have stocks like FNF, Insurance Company which yields x4 times per year (over 1 $ per share), have strong positive earnings 1,1 $ per share for this year, 1,2 $ for next one. PE low as possible (it´s buy between 10-12 $). Low PEG ratios, extra value can find from balance sheet etc. To put it simple way looking the real values and steady earnings you can sleep with hundred years because I don´t think there is any extra ordinary attractive technical setup by EW point of view available for long time to come. Any extraordinary high PE stocks are in danger also and does not belong to my list (ie. PEG ratio for instance is not the one I am interested for 2011).
Haven´t see any for times anymore and those potential W3 which are also fundamendally surprized W3´s like HTHT etc. I own allready but it is getting very small number to find a new cases on future.
Those Utilities which yields 5.2% like PPL belongs to same “safety” group.
Market have 2 status: Risk-On and Risk-Off, now it is risk-off.
I do expect decent year but it will more slow and also more sideways as seen so far in the passed 2 one´s.
Got this “Etrade baby loses everything” humor link 😉
http://www.collegehumor.com/video/6477219/remix-e-trade-baby-loses-everything
