Archie's Corner

[mmayr]

Arch. . .no doubt! Take a look at this chart:

http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=.DJI&Timespan=260

I don't think we've seen a double low. However, would it be logical to assume that there would be an event comparable to the September 11th attacks that would bring the markets (prematurely) down to the low in September? I don't think so. What we have witnessed is an event that never took place before in American history. That is a matter that folks have to factor in. Economic indicators are improving on a steady basis. Particularly the numbers with any organizations that have to do with the "housing" industry. Keep an eye on Home Depot. . .Lowe's and even Kmart & WM. Strong housing starts with existing home sales reaching record levels. . .leaves these industries with the potential for astronomical gains in earnings (home improvements and supplies). Also, the government has announced that they will be stepping up their production of defense missiles since the attack on Afghanistan have depleted stores. Lockheed and several other defense missile contractors (to the government) could be well worth watching. Just my two cents. And that's about what it's worth!

Peace,

M&M Man