|Stock [purchase date]||Shares||Purchase Price|
|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|
*On 1/18/2008, the system gave a sell signal for PCU. I will sell PCU during an upcoming market rally, hopefully above the purchase price.
The market activity continues to be downward and ugly. As of the close on 1/25/08, the Dow, Nasdaq and S&P 500 indices were down 8%, 12.3%, and 9.4% year to date. Unfortunately, there are no indications that a turnaround will occur soon.
I continue to 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 and financial institutions. 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. At this time, I will continue to hold this portfolio. However, 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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