Monday, June 12, 2006

Stock Market Doldrums

Anybody notice the hhhoorrriiibbbllleee market performance lately? Just in case you've been living in cave for the last month and a half our so, the Market is down approximately 800 points.

Lots of reasons one could assume as towhy the market is down, for example:

-Iran's on again, off again decision to suspend nuclear enrichment

-Interest Rate worries

-High Oil Prices (currently hovering on $70)

- Continuing uncertainty in Iraq.

Etc, etc, etc. It's pretty east to say that the market was overdue for a correction, following a torrid rise above the 11,000 mark to 11,600. However, there doesn't seem to be a particular sticking point as to what's causing the downturn.

The WSJ offered some helpful suggestions as to what to invest in while the market continues it's spiral downwards. They were traditional products - toothpaste, oil, food, utilities, clothing companies - the basic necessities that everyone still needs, even in market downturns. Of course most investors should already have these stocks if they're fully diversified.

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