The Dow is down around 2.29% to 9906.20 on renewed fears of a global slowdown and consumer reports that consumers are not spending as much as they used to once again. Asian markets dropped overnight leading to the selling off of stocks in the US market and investor's are spooked. Bank of America (BAC) and General Electric (GE)are at the lowest prices I've seen them at in a while. Good buys if you believe the stock market will come back. Ford(F) and AMD as well are pretty low for the 50 day moving average so they would also be good buys. Ford has definitely made a better name for itself over the past year so we should see its stock rise in the short run.
If anyone reading wants to start trading and open an account with Scottrade, right now they are offering 3 free trades to YOU if you sign up using someone's referral link so if you are thinking about it let me know and I'll send you mine.
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