For all the pomp and circumstance, all the market has done for months is move sideways. As I see it, there’s STILL no resolution to the congestion and until there is, neither the Bulls nor Bears can claim control.
This should have been resolved weeks ago, but until it is, keep most of your cash on the sidelines.
As a trader, just about any stock or ETF is fair game. But, some stocks are just too crazy to touch. LinkedIn (NYSE:LNKD) is one of them.
I like Verizon (NYSE:VZ) as a stock and as a company. But, this is one to buy on the dips.
Back next week to grill some hot dogs and see if this market can catch fire.