I would by very suspicious of any utility company that raises a dividend. We're on the eve of deregulation, and that will cause competition in the area that is going to cost a fortune.
I don't think the market can go much higher, and I don't think the Dow Jones average will immediately go to 10,000 or anything like that. I think we've seen the great rise. That doesn't mean we're going to see a terrible decline, but I think the great rise is over and caution is the word.
I am not enamored with technology stocks at all right now.
It's like a car shifting gears. We're looking at a massive change in the market. Now, as far as my eye can see, you're going to see small cap stocks as the way to go.
My thesis is not we're entering a bear market, we're entering a new kind of market. We're entering a market where the secondary stocks, which have less risks, and unpopular stocks will probably do very well.
When you drop a ball from the top of a building it will bounce a couple of times.
The worst is over but the most painful part is yet to come.
The market has very little reason to do anything but go up in the near term.
You look for undervalued stocks by looking at industries that have been overlooked.
Copyright © 2024 Electric Goat Media. All Rights Reserved.