Stocks Are Still Dropping

Published by admin | Filed under Finance Connect

I think Jim Cramer was right on the nose with this one. It does appear we are heading into a recession. The Feds did cut rates the other day, but even that seems like a temporary band-aid on the situation. I still think we have to look at the economy in terms of a presidential-election year. Historically the markets have all been strong during these years and I think we can rebound by November. I still see this as a great buying opportunity and you can find bargains across the board. No need for any stock tips, because everything is under-valued at this point. I still like to lean toward the big pharma stocks. Look at the big medical stocks like Merck or Pfizer and see if one of these makes sense for your portfolio.

The baby boomers are going to be needing all those medical supplies and medicines and I still see excellent growth opportunity in all the medical related stocks. The pharmacies like Rite Aid, Walgreens, CVS, etc… still look attractive to me. I even like the pharmacy department at Wal Mart. I’m not a big fan of Wal Mart and their stock as a whole isn’t attractive to me; but investing in Wal Mart to capture gains from their pharmacy department could be possible. So continue to look for the stocks that may be medical related and I would do this for the rest of this year and even into the summer of 2010. I’m going to check in on the baby boomer section again in 2010 and see if medical stocks still hold buying opportunities. The vacation stocks or crusie line stocks are still a little risky to me; but look for other stocks that the baby boomers might be using in their golden years.