stocks are likely going to fall further over the predictable future. Yesterdays new multi-year low caused the DJX Jones Commercial Average ( $DJI ) to drop out of its approximate 6-week trading range. Options expiration potentially didn't help, but I wouldn't list this as a first culprit.
Some of the issues are beyond Vikram Pandits control, but as the CEO, he shoulders the blame for his stock falling below the $5 level. What To Do Now in the fresh trading range, we reconstructed the Focus List with less economically-sensitive firms. While the portfolio may not be proof against further downswings in the major indices, I generally be OK with what we are at present holding. There'll always be stocks to buy, irrespective of what the markets are doing. Thats why so many turn to proven expert counsels that may trade for them. Banks and other money establishments have been using trading programs and complicated algorithms to trade the forex markets for a few years but recently they became available to the standard trader also. Naturally it is not always as straightforward as that because even the best expert aides lose money occasionally. It can take many years to find and develop a lucrative trading method and indeed even if you do make your own worthwhile trading technique it's still quite labour thorough because you want to be stuck in front of your screen for most of the day. A good rule is to never allot more than ten percent of your portfolio to one stock. This is a bearish signal and means that further weakness is likely.
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