It's a scary market out there and nothing seems promising. Keep cash on hand as the common saying goes "cash is king". There also has been mention of interest rates going to 15-18% within the next 3-5 years. Could you believe that. As we have so much money coming into the market, expect inflation to rise and investing in TIPS (Treasury-Inflated-Protected-Securities) to be more of a safe haven. Remember that invest in companies with solid history, good financials (balance sheet, cash-flow), and have a good commander in chief (CEO) running the show.
Proctor and Gamble is down almost 20% year-to-date. This company has always been seen as a great investment in down times. Look towards healthcare and utilities. RIMM - which makes Blackberry's has retraced almost 37% from its previous high this year of $59.00. I look for this company to continue to make great products and be a good investment in the long run.
Remember- don't buy and hold! You should always be checking up on your investments and if you don't have the time, hire a financial planner. In today's market/world, there are many different factors that can lead to the company falling out of favor in the market.
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