Stock Market Down Again Today

Published by admin | Filed under Finance Connect

The markets closed lower on Monday by about 29 points to 11,467 on the DOW. I believe the trend continues for the blue chip stocks that make up the DOW and they are going to be sluggish up until the holiday season. We should see a nice positive gain in the blue chip sector come November. I believe the big pharma companies and the financial sector is the safest places to put your money right now. The energy stocks look good, but not sure how much higher they can go. If you have a energy heavy portfolio, you might want to start now trying to shift some of that into the financial sector of the market. The banks and credit cards are going to do well as the economy continues to slump and they will keep investors moving forward. I think the drug makers still have some room to grow this year and they might could make a nice return for investors. Just stay positive and soon the blue chip stocks in the DOW will lead us to brighter days.