The carnage ended on Wall Street today, and last week's crash fear has been replaced with buy-the-dip chatter. The big fear is that investors will now load up on stocks, only to fall right back again.
The good news is that we have something to work with. Last Friday's low in the
at 1458 gives us a level to watch and to trade from. Technical analyst and
contributor Richard Suttmeier has suggested: "If the correction is really over, we will successfully retest Friday's low and then power higher."
In fact, we don't have to go back very far into history to understand this line of thinking: Just look at the textbook low retest last March. Like all market tops, market bottoms also are formed over a series of days.
So I feel even more comfortable with today's pick, which happens to be the No. 1 company in the world:
It is almost unbelievable how this company continues to dominate -- yes, it does dominate. When a company of this size -- $51 billion in revenue -- can continue to post solid growth numbers, the thought is simply amazing.
Further, it has about $21 billion in cash, with over $11 billion in free cash flow. Yes, that is exactly what it means: After it pays its bills, pays its employees, pays everybody -- it still has over $11 billion left over to put in the bank!
To top it off, today we will be in position to control 1,000 shares of MSFT for very little premium, as we go all the way out until January (MSQAJ), to buy the $25 strike. I will place a limit order at $5.20 or better, a good-till-canceled order. This is one of the best opportunities I have seen this year -- at yesterday's $29.40 close, the stock has been meandering for the past six months, and it has been hard hit in the past few days of trading.
The Game of Life
They say a picture is worth a thousand words. Memories are preserved in a snapshot, transforming intangible thoughts into one concrete photograph. Photo albums fill the bookcases in my living room, each photo representing a moment in time, revealing layers of nostalgia.
The click-click of a camera suddenly becomes a series of images weaved together to retell a story, with every detail as lucid as the moment in which the photos were captured.
I often find that the pictures with the most meaning are not those portraying my wedding day or my World Series victory, not to say that these moments weren't some of the most important times in my life.
However, the pictures that are most encapsulating are those that capture the power of a moment that has no predetermined significance. When you capture the expression of determination in a slide into second base, now that's a photograph worth more than a thousand words.
The famous "kissing sailor" photograph represents the emotions of not only a sailor but an entire nation, after realizing the news that World War II had come to an end. No, it's not a picture of a political handshake or an American flag surrounded by soldiers that so effortlessly, yet so poignantly, captures the moment.
Few people know the story behind the famous kiss. After hearing the news that the war was over, the soldier ran into the street, jumping with joy into the arms of a nurse who had her arms open wide. Engulfed in the moment, he took the stranger in his arms and kissed her.
Many former sailors have claimed to be "the sailor," but the truth may never be revealed. The photographer, Alfred Eisenstaedt, did not take any notes when he took the snapshot, and therefore he did not record the names of the people in the photo. Little did he know this print would become the manifestation of an entire nation's elation.
Glenn McDuffie of Texas has most recently claimed to be the sailor in the picture. He enlisted the aid of forensic artist, Lois Gibson, in addition to various polygraph tests, to prove that he is the kissing sailor. Gibson had McDuffie re-enact the pose to study and record all of the measurements to determine if his allegations were in fact true.
She compared the measurements of his hand, ear, wrist and hairline with those in the original picture, and she affirms that McDuffie is the kissing sailor.
While determining the identity of the two individuals is certainly amusing, the value of the photograph has little correlation with the names of the individuals posing in the picture. Perhaps anonymity even gives it more meaning, by maintaining the identities as an American sailor and a beautiful nurse, making it more universal.
The Players Club values the simpler moments in life just as heavily as it does those that are perceived as "supposed to be" special. By guaranteeing recurring cash flow to professional athletes through our strategic partner, along with a membership to an elite club, we hope to create a page in your photo album, of not only financial security but rather a life of utter happiness.
Always remember: Life is a journey; enjoy the ride
At the time of publication, Dykstra had no positions in stock mentioned.
Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."