By Dan Plettner
The broad market is facing some headwinds. Although recent Greek political developments were anticipated by many market participants and appear “priced in,” it has stimulated volatility.
In the very near term I expect that yield-focused Master Limited Partnerships (MLPs) and other income styles will outperform, although I don’t anticipate changing my allocations. Because of structural performance inefficiencies, I do not prefer ETFs or other funds for MLP exposure, but rather MLP Direct Ownership. My holding intentions within this sector tend to be extremely long term in nature.
For me, I think the important word today is “balance.” Case in point: As terrible an investment as my largest position Boulder Growth & Income Fund, Inc. (NYSE:BIF) has been, I feel broadly fortunate today.
I continue to believe that balance among styles is relevant, and balance among positions within various styles is relevant as well.
All the facts appearing relevant for a particular catalyst, security, or style may suggest a “zig”… yet a “zag” may ensue. The critical factor over time, I believe, is an investor’s ability to remain humble, balanced, and fully objective in looking at each set of market opportunities independently. Emotions, like ego, are harmful to objectivity. Read More
The Steel sector has been particularly weak during this latest selloff on the markets. Having went into the low 20′s on the daily RSI this sector has proven to me that it’s extremely weak and is a short candidate on a decent bounce. I’m watching this to bounce back to 55-60 level and below are the stocks I’m watching that have been mirroring the index over the last 6 months. I got them from Marketwatch’s sector locator.
The Best Tweets On Facebook’s (NASDAQ:FB) Stock Collapse
Category FB, Investing, IPOs, Market News, Social Networking, Stocks, Trading
By Mick Weinstein
Absent Friday’s underwriter support, Facebook (NASDAQ:FB) is tanking today, down over 12% as I write this. The twitterverse has some great running commentary this morning… here’s some of the best I’ve seen:
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