Street Justice: The Bigger They are the harder they fall.

Whew! What a week! The usual supects brought the market down even more. Weeks like this can send even the most bullish investor running for the hills(NOT ME!). Oils up again, pushing closer to the big 1 5 0. To add insult to injury, losses extended thru today from yesterday. With all this bad news, I can't help but be..... OPTIMISTIC!!!(yes, I know the definition). I cut my losses and got back in on big drops like RIMM. I think the big companies with global exposure will be alright. I don't expect any of you to take these risks. I just can't resist a bagain and that's what I see now. Speaking of bargains, I've found a few for You to check out.
Here are a few large-cap companies that I've done some research on and they seem ready to roll. The first is my favorite. TAP/Moslen-Coors- I like them without even looking at the numbers. In tough times people tend to drink to forget about their problems and that's where TAP comes in. Add these nice figures:Relative value 1.37 of 2.00 which is very good, a five yr. sales growth of 20% and price growth of 20% over 52 weeks make TAP look good. What makes it look even better is the 2% drop this week, giving us a chance to buy it. Next, I have another bank for you. I know their hurting but this one, believe it or not has increased in price over the last 52 weeks. It's called NYB/New York Comm. Bank- Like I mentioned they're up 10% over the last year and have strong RV(relative value)1.47 of 2.00. NYB is also down this week by 1% which I consider to be a great buying op. My last large-cap bargain is...MC/Matsushita electri Industrial- MC had an EPS surprise of 136% WOW!!! and is up 7.5% over the past 52 weeks. Keeping with my theme MC is down 5% this week and may be ripe for the picking. You may have heard of one of MC's companies, Panasonic. Also, I happen to have the 2007 annual report for MC if anyone is interested. In case you didn't notice. These are three big names that in my opinion are at value prices. My conditions for these picks involved companies with positive EPS surprises, 52 week gains, and drops for the week. To obtain my data I use two stock screeners and several on-line resources.
This just in.....Merrill Lynch may be headed for more problems. They may have to sell back their stake in Bloomberg Media. This due to 3.5 billion dollars in write-downs that Merrill will have to cover next quater. Even if they don't sell their Bloomberg investment they still will have to cover the write-downs. The Dow has officially dropped to it's Bear Market signal level. This number dosen't mean alot to me but it is a tech. figure that can't be ignored(or can it?). Another headline making my head hurt is, Congress trying to pass a bill limiting speculation in oil trading. What the hell is going on! Anyone that thinks speculation is responsible for high oil prices, in my opinion, watches too much t.v. I will concede that speculation can slightly magnify trends. At the end of the day though, supply and demand determine trends and we would be hard pressed to change the laws of supply and demand.
Enough of my ranting. What do you think? Am I dead wrong on speculation, or is Congress interfearing too much? Are financials headed for even harder times, or is the worst behind them? Tell me what you're thinking. I welcome any new Blogs or comments. After all, I am a Young Investor just like you. I just enjoy documenting my expierence and learning what others are doing. I realize I've been focusing heavily on The Stock Market. I am working on a section for Funds(haven't had as much research time as I'd like). Also, if there is anything else you want to read about, just let me konw.
O.K, Forex trading. Even though it's cost me a few dollars, I am maintaining my long position in regards to USD/JPY. I also am still short EUR/USD and GPB/USD with anticipation of America banding together in support of King Dollar. Other than patriotism, I am hard pressed to find any tech. reasons to hold the dollar. How are you trading the dollar?
With all this bearish sediment in the news, it's getting tough to write(info isn't changing) but I am confident that will change. We are in a period some uncertainty with energy and I feel the dust wil settle soon. That being said, have a GREAT weekend! Thanx for reading.