June Activity

The markets went on a wild ride after Bernanke's statements at the FOMC meeting. Today the Dow pulled back 350. Is this an over reaction by the crowd or will there be more? Buying opportunities are starting to appear and this is no time to get emotional. Hold your keepers and buy more if the price gets in the buy range. For your shorter term stocks, use options-in a down market, sell covered calls to get some income as long as you are willing to part with them. Core stocks may approach a buy-JNJ, PG, COP, T, MCD, KO but I'd wait for the return to an upward direction. I am looking at CAT and XOM at the moment and have put options on them.