Couldn’t Pull the Trigger
February 20th, 2009
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Needless to say, I couldn’t pull the trigger today on GE (GE: web, chart, Y!) or Ford (F: chart, web, Y!). As I’ve mentioned before, I think both stocks are worth looking at for long-term runs, but I don’t think enough confidence has returned to the stock market to buy any equities, but I’m still trying to play with gold.
It’s tough to tell where the ceiling will be put in place on GLD, but I think money will continue flowing into the precious metal as a safe haven until the confidence returns, both to the markets and to government financial policy.
Unfortunately I think it will be a while before confidence returns to either one.
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