Individual investors have to separate the statistical noise of week to week numbers and focus on the big picture.
More Quotes from Alan Skrainka:
What you have going on in this market is a flight to quality, which is the blue chips, as tech stocks are priced to perfection.Alan Skrainka
Our advice is that for a very small portion of your portfolio 5 percent it's OK to own gold or a broader basket of commodities. But don't do this because it's popular or exciting. If you're investing in gold, you need to stay committed through good times and bad.
Alan Skrainka
There's cautiousness about the interest-rate outlook --- a bit of consolidation after very strong gains.
Alan Skrainka
Albertson's is truly a value stock, the third-largest grocery chain, with a very stable predictable business with 29 years of higher earnings. The stock was really clobbered since they announced a merger last year that didn't quite work out. But it's still a wonderful company, at 10 times earnings.
Alan Skrainka
It just reflects Wall Street's manic-depressive mood. In the meantime, you have some selective cautious buying, but I think people are much more cautious and not just jumping in on any dip.
Alan Skrainka
I think people are looking for good value in the market and they're finding it in 'old economy' stocks. What these companies have in common is they're all viewed as great companies at a strong price that are not dependent on a slow economy.
Alan Skrainka
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