Stocks Are Sluggish

Published by admin | Filed under Finance Connect

I know a lot of people might have fears right now in the stock market, but rest assure this is a good time for investors. The market is sluggish, but this is the time to be investing. Retailers are about to get a jolt from shoppers that will rush to all the malls on Friday (after Thanksgiving) and this should be the start of a steady stream of shopping that will go on for the next month. Many think shoppers will spend less this holiday season due to the high cost of gas. I must admit that the gas prices have caught me off guard and I didn’t see this one coming. I think the oil trend is only going to get worse. We might not see it slip too much and just watch it go even higher as Spring Break rolls around.

I know things seem gloomy and the market is unstable right now, but I still feel like this is a great buying opportunity for investors. It might take 12 months to see the benefits of investing now, but the prices will go back up again. If you’re under the age of 50 and you see something worth investing in, then by all means go for it! I can’t believe all the great deals that are out there right now and you can pick just about any sector to strike it rich right now. I do like the pharmacy stocks like a Wal Greens, Eckerds, or Rite Aid to add a little extra cash in right now. See if you can find one of the pharmacy retailers to invest in and try to put your money there until the Christmas season has passed. I would be looking for all the clothing and electronic retailers at the first of the year and see if I could find any bargains there. For now my best advice is to keep investing and buying up these cheaps stocks and try adding a pharmacy retail stock to your portfolio if you don’t have one already.