After the ugly action in the markets yesterday, at this point it appears we are going to close to the upside later. Having seen the markets come down in price as they have (the past two weeks have been the worst since November of last year), I'm looking to start adding to my current positions and even start picking up shares of some new companies I've been monitoring. I haven't done so yet, but the next down day we have, I'm going to use that at an opportunity to do so. One name that I'm watching closely is Yahoo, as I believe the shares are undervalued and represent a great risk/reward investment, and with it currently being priced at $14.90, I'm looking to add to my existing position.
In European news, there were fears overnight that the two largest banks in Spain were going to go under because of all the fiancial debt calamity that taking hold of Europe. Remember, what started out in Greece was just the beginning of what I believe will be a problem for the rest of the year. However, as long as we continue to see the muddle growth we have, and as long as our banking system can continue to expand their businesses, I find U.S. stocks to be the most attractive investment environment in the world (of course I still expect to see volatility through out the year which is why I will be moving money in and out of the market as necessary).
Finally, I'd like to apologize to my two sisters, Caroline and Taylor for forgetting to wish them a happy "National Siblings Day" yesterday. I am very blessed to have such wonderful sisters and I thank you for all the love (and patience) you've shown me over the years. (Btw my birthday is coming up next week, and don't feel obligated to get me anything, however if you choose to then I will gladly accept it).
Love ya'll
