Last week was rough, actually very rough, as increased credit worries and hawkish statements from Federal Reserve Chairmen Ben Bernanke rocked the market. With daily three-digit swings in the market, it is certainly tough for institutional traders to make money, let alone the retail investor.
Such a market environment is precisely why I compile and write this Rocket Stocks column. The sole purpose of this weekly piece is to offer readers like you ideas for stocks that have the potential to rally in the coming week, no matter how the market does. I like to look at stocks that have real catalysts ahead of them that might propel them higher. Whether it's an earnings, arbitration or a pure snapback play, hedge funds (and all of us actually) are always looking for these stocks because the risk vs. reward is so tempting. Before we look at This Week's Rocket Stocks portfolio, however, let's review last week's market action. For a little perspective on last week's selloff, let's look at U.S. household net worth: U.S. households have a net worth of $55 trillion. With all of the recent dire headlines, you might think that entire number was going to collapse overnight. But right now, Bernanke sees that $150 billion of at-risk mortgage debt is in question. This $150 billion is only 0.2% of the U.S. net worth. For argument's sake, let's take that $150 billion and triple it (3 times the amount Bernanke sees), to $450 billion. This still is only 0.6% of the U.S.'s net worth. You see where I'm going?- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
-
Rio Tinto signs China mine deal
BBC
-
Lloyds Expects Profit in 2010
The Wall Street Journal.
-
BA crew to strike as talks fail
BBC
-
Roach vs Krugman on China Currency
The Big Picture
-
Jim Rogers: expect a double dip by 2012
Credit Writedowns
-
4th UPDATE:Fed Must Submit Data On Discount-Window Usage-Court
FOXBusiness.com
-
Housing: Price-to-Rent Ratio
Calculated Risk
-
FAA Faulted for Lax Oversight
The Wall Street Journal.
-
Apple Swears iPad Partners to Secrecy
BusinessWeek Online
-
A quick video primer on Repo 105
Credit Writedowns
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,741.98 | 1,159.90 | 2,374.41 | 36.87 |
Oil *
79.90
|
|
DOWN
37.19
|
DOWN
5.92
|
DOWN
16.87
|
UP
0.15
|
10 Yr
3.69%
SPDR Gold
108.28
|
|
-0.34%
|
-0.51%
|
-0.71%
|
+0.41%
|
Data delayed 20 minutes |
More From TheStreet
Latest HeadlinesBrokerage Partners
Sponsored Links














