Continued Bearish Sentiment
May 15, 2009 by Hot Stocks To Buy
We at Hot Stocks to Buy hold a continued bearish sentiment on the current stock market condition. Thursday’s jobs report showed rising jobless claims. The results showed jobless claims climbed more than expected to a record 6.65 million. With jobless claims on the rise and retail sales data for April showing an unexpected decline, we remain bearish in the current stock market. With such poor numbers, we expect the stock market to eventually realize the economy is a long way from recovery and act accordingly.
Options are set to expire this week so we expect a volatile session. We could see an early morning rise in the overall stock market and then a pullback near the middle to end of the session.
We wish you luck on your investments and as always do your own research prior to purchasing or selling a stock. We make recommendations based on our own research and this site is solely for the purpose of entertainment reading. Thank you for visiting Hot Stocks to Buy.
very uncanny calls! You guys were dead right on point on so many calls. I’m glad I found this site.. you guys should post a little more info about yourselves and start tracking your calls % wise on a list somewhere. I’m trying to get some bgz monday. Good luck all!