What stocks should I buy up now that we’re still in a reccession and the stock market is still down in places?
I want to know if there are any possible stocks that I could buy now, now that some blue-chip stocks are still cheap such as really hammered ones that were hit bad in the global reccession like Freedie Mac, Fannie Mae, Citigroup, some other banking and insurance companies, just anything that looks poised for enormous % returns as we recover from the reccession? Please help/advise. Thanks.
I would shoot for clean energy (GREEN) companies if I were you. The Obama Administration will be moving their agenda to alternative energy jobs within the year – in fact, it’s beginning already with the American Recovery and Reinvestment Act!
Corporations who are devoted to clean energy is where to put your money.
Comments
The stocks you name are hardly "blue chip stocks." The true blue chip stocks have increased in price. The ones you name are either virtual zombie companies supported by the government (Freddie Mac and Fannie Mae) and a poorly managed bank. Those companies were not "hit bad in the global recession"! They were a house of cards, crappily managed firms destined to fail at some point.
References :
March 31st, 2010 at 1:45 am
I would shoot for clean energy (GREEN) companies if I were you. The Obama Administration will be moving their agenda to alternative energy jobs within the year – in fact, it’s beginning already with the American Recovery and Reinvestment Act!
Corporations who are devoted to clean energy is where to put your money.
References :
http://www.whitehouse.gov/issues/energy-and-environment