According to CNNMoney.com, the Dow and S&P have fallen to 12 -year lows. At 7062.93, the Dow had its lowest close since May 1, 1997 and at 741.02, the S&P 500 had its lowest close since December 18, 1996.
Although the market may go lower, I think it will be a buying opportunity this week and plan adding to our positions in stocks that I believe will do well as the economy recovers, e.g. Amazon (AMZN), Monsanto (MON), and Google (GOOG).
Disclosure: At time of publication, we own shares of Amazon, Monsanto, and Google. In addition, we have sold put options to open on Monsanto.
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This is not financial advice. Please consult a professional advisor.
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