Will Market Rout Create Buying Opportunities?
1. Dow 15,000?
Boy, Friday sure didn’t do us any favors, and it now appears the rout it on. Of course, “routs” often turn on a dime and become “buying opportunities.” This time, maybe not so much, so I’ll go out on a limb and forecast Dow 15,000 before we see any significant bounce.
2. Alphabet (GOOG)
Is it time to start looking at the go-go stocks of 2015? We’re getting close, but not yet. Alphabet (NASDAQ:GOOG), for example, still needs to drop a bit more.
3. Utilities
Need a place to hide? Take a look at utility stocks.
Back next week to look for brighter skies.