Commentary for March 12, 2008

Wednesday, March 12th, 2008

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Yesterday’s rally was a welcome relief from the daily drubbings of stocks. That said, we will look for a follow-through prior to making any commitments. However, yesterday’s rally also has proven that there all willing and capable investors with money on the sidelines that will appear should the stock market again become oversold. Add to that the old Wall Street mantra of “don’t fight the fed” and we believe, stock investors will ultimately be the victors.

In conclusion, buy on weakness.

Dennis Fagan
Chris Fagan

This entry was posted on Wednesday, March 12th, 2008 at 8:00 am and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio.

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