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.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2009 Achievement Catalyst, LLC
Sunday, March 01, 2009
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