Filed under: Consumer experience, Citigroup Inc. (C), KB HOME (KBH), Toll Brothers (TOL), Economic data, Comfort Zone Investing, Housing, Federal Reserve
Ted Allrich is the founder of The Online Investor and author of the recently released book: Comfort Zone Investing: Build Wealth And Sleep Well At Night. In this weekly column, he’ll offer advice to investors who are just getting started.
It’s not all bad out there. Some stocks are doing much better with individual results carrying them higher. Others are being carried by a sea change in the industry. Here are the news and stocks that provide some of the light in the current darkness.
(please note, this column was written Wednesday, Feb. 27).
On Monday, the rumor that started the rally on Friday continued. Several banks were going to form a consortium to save the insurance company AMBAC. On top of that there was a renewed bid for Take Two by Electronics Arts, this time with a higher price tag. Take Two rejected the new offer, but it sparked a rally. The market went up over 100 points. That was on top of the almost 100 point rally from last session, one that saw a 200 point turnaround in an hour.
Continue reading Comfort Zone Investing: Sparkles of light in the gloom
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