Saturday, October 21, 2017

DOW Just Shy Of Closing Above The 8000 Mark

March 31, 2009 by  
Filed under Stock Trading

So far the DOW hasn’t been able to close over the 8000 mark since February 9, 2009. We came close last week with a high of 7931 and we are now back below 7800 again.

One thing is for certain….it has been anything but a boring year in the stock market. We had an opportunity to chat with Tony Spann about some of his picks. Here is what he had to say…”Well, I can’t tell you the number of people who laughed in my face when I told them I was buying Ford Motor company when it dropped below 1.25. Some people I talked to even asked me, “What are you going to do next…buy AIG?” I laughed along with them and said that “AIG looks too good to pass up at 35 cents a share.”

Well it doesn’t look like they’re laughing at Mr. Spann now!

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