Market Update 01/19/2005
Year to date, investors in individual stocks have been punished for their optimism. Small caps are down 5% just since the first of the year–a mere 19 days ago. The Nasdaq is following closely behind, down 4% in the same time period. It’s just rough out there right now. Last week, I had a conversation with a person who bought a stock just to see it drop 25% in one week! Stocks are having a very tough time mounting a rally so I urge investors in individual stocks to keep their stop losses very tight and be careful.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
