I’m sure in many people’s minds, the question is “are we there yet”? Are we at the bottom of the sell-off, is it safe to go and get into stocks? Looking at last night – Dow is down but the S&P and NASDAQ were mostly green for the afternoon and reports at jobless and industrial production both coming in strong, this is another opportunity you could take for a ride up on most stocks on the strong sectors (like a distant love — MMM in Materials sector breaking loose from its downtrend), also note those that benefit from the weak oil prices. Looks like those airlines are finally flying.
GOOG disappointed, I wanted them to keep their winning streak, I really do, but their advertising business is getting away from them, it seems like by the other internet darling “Facebook”. Mobile ads served by Facebook are more palatable also because of the strength of their engagement. I’m going to be watching the FB earnings very closely and if it grows in the same fashion as last quarter I think GOOG has to admit their advantage is gone.
Here are some videos I devoured early today wanting to see how the sentiment is faring out there. I think with EU slow to respond on growth concerns that US will continue to attract investors, but with the “tapering” ending soon, volatility could still be in the market, so get ready for the ride. And I’m delighted to offer an “Introduction to US Investing” event on November 15, in Manila, Philippines. So for you guys who want to strengthen your US Dollar assets (which is going to be the strongest currency by the way) this is an unmissable event. Watch out for the free webinar at my Facebook page. Check it out here.