It's Worse Than the Headline Numbers
The damage out there has been devastating, and it has been masked by the likes of the domestic winners, such as Home Depot (HD) and Verizon (VZ) and Wal-Mart (WMT) and AT&T (T).
Stocks have been crushed here. Go through these industrials. I was just looking at some of the stocks we sold earlier in the year for Action Alerts PLUS, and they seem to have no bottom, stocks such as International Paper (IP), Johnson Controls (JCI) or Stanley Black & Decker (SWK). Or financials like Prudential (PRU) or techs like Juniper Networks (JNPR). The oils have been pounded beyond all recognition, as you would see if you look at Chesapeake Energy (CHK) or Ultra Pete (UPL) or Apache (APA) or Anadarko (APC)....215 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
