This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sozzi's Day Ahead: Market, Prove Me Wrong

Sozzi's Day Ahead: Market, Prove Me Wrong Until that happens I remain bearish, given all I'm seeing bubbling under the surface. Morning call, stock market, value investing, federal reserve WMT

Over the weekend, as I was walking through a park for a Juvenile Diabetes event, I broke into a little reflection on a golf course encounter I had a couple weeks back. An older gentleman, after probing about my line of work, excitedly asked, "Any stock tips, hotshot?" His eyes lit up like a kid in an Apple (AAPL) store, just waiting for me to pump his head with a bunch of penny stocks that could jump 200% in the course of 12 hours. Inside I thought: I can't believe these types of questions continue to be asked. I feel so used and yet sorry for this kind man; there is a boatload to know when selecting a stock. Seeing as he was persistent -- and I am not one to hand out "stock picks" with ease -- I kindly told him that he should hold Wal-Mart (WMT - Get Report) for the next 25 years and gift the profits to his children and grandchildren.

The entire ordeal was so very odd, but it was motivating at the same time. Clearly I have a ton of work left in spreading the good word on this investing stuff -- with a twist, naturally. But I did recall becoming perturbed at the thought of being prodded for stock picks during a friendly golf match.

Along with my continued short-term bearishness on the markets, enter the "weak ahead" on the stock-pick protest line. Yep, what the market is currently experiencing isn't the small pile of malarkey about which the really-bad-tie-wearers are pontificating. Rather, there are issues bubbling underneath the surface that deserves careful pondering before you buy equity in any company. That goes for "safe haven yielders" and, of course, it also applies to discretionary names that still fetch rich price-to-earnings multiples based on the summer rally's doings and rosy forward estimates. Sorry for the wonky terms; sometimes I have to pander to the big boys and use words that the cool club knows.

Deep Thoughts I Have, and That You Should Have, Too

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free

Markets

Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs