10/15/07 Buy List
|Stock [purchase date]||Shares||Purchase|
|Potash (POT) [6/7/07]||50|
|Southern Copper (PCU) [11/13/07]||40|
|CNH Global NV (CNH) [11/13/07]||50|
|BHP Billiton (BHP) [11/27/07]||50|
The market activity continues to be concerning, with either narrow breadth or a high number of new lows. I believe that the probability of a recession in 2008 is relatively high. The multitude of negative factors will eventually outweigh any actions by the government. Originally, the Fed interest rate cuts and other actions led me to expect that the bull market would last through summer, 2008. However, the economic data in January, 2008 may cause the bull market to end earlier. For either case, I expect the market to continue to be choppy in 2008. For now, I will continue to hold this portfolio, but I do not plan to add any more to the amounts that I have already invested in the above table.
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This is not financial or investment advice. Please consult a professional advisor.
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