I opted for green tea this morning instead of coffee. I figure if I start drinking antioxidants and using fancy creams now I’ll look like I’m 20 for the rest of my life. Ahhhh.
Finally, here’s the video blog I’ve been writing about for a month. See, no wrinkles yet.
Check out what I’m talking about HERE. And to see the video in its original glory on PredictWallStreet.com click HERE.
And if I could stop worrying about my bank account so much, I’d probably have less wrinkles in my forehead. If I could stop worrying about unemployment and our economy, I’d probably never have a gray hair in my life. Unfortunately, I’ll most likely be able to see the effects of 2008 in my face twenty years from now. So the Fed is buying up more debt in yet another effort to unclog credit markets today. They announced this morning a plan to buy commercial papers-short term debts companies rely on for day to day operations like buying supplies and payroll. The tight credit that is plaguing the market is making it extremely hard for companies to obtain money to sustain operations. Bernanke has also hinted at a rate cut. The general public seems to still be wary, if not in panic, although its hard to understand that such remedies don’t always have immediate effects.
While yesterday was a disaster in the stock market, today is not much better. The DOW fell about 200 points, while the SP500 fell about 27 and NASDAQ fell approximately 55. Looks like investor sentiment isn’t getting any more optimistic either. Looking at the sentiment graph on PredictWallStreet.com, all three aforementioned indexes have extremely bearish sentiment. I’m beginning to see the importance of consumer and business confidence because investors do act on those feelings. Such pessimism (or optimism) has rippling effects throughout the market.
Today’s forecast is cloudy, but with a chance of sun. PredictWallStreet published several forecasts this morning and surprisingly there not all gloom and doom.
Apple (AAPL) who was forecasted to close down yesterday is forecasted to close up today. This is good news for Apple fan boys who have been watching the stock price fall. Even though one week sentiment for AAPL appears to be extremely bearish right now, I believe I see it making a slow tick back up. Perhaps investors are becoming more confident in AAPL; they did just hit there estimated goal of 10M iPhone sales.
Bank of America Corp., (BAC) is also forecasted to close up today. This is good news for the giant bank and one of the only few left that I personally have any faith in. First Solar Inc., (FSLR) a company I used to adore and haven’t spent much time with in awhile is forecasted to close up today. I bough this company awhile ago and they performed really well for awhile before everyone jumped on the alt energy bandwagon and I lost a lot of virtual money on this stock. Like a lot, a lot. FSLR is nowhere close to the price it used to be, but perhaps people are getting behind alt energy again in the wake of our recent economic events.
General Electric (GE) is showing some green today too. There forecasted to close up from closing price. One week sentiment was looking pretty week yesterday but is appearing to make small gains out of bear territory. Another company I always like to spend some quality time with is Research in Motion, (RIMM), makers of the Blackberry. They too are forecasted to close up today. Sentiment has moved up and perhaps will bring the price with it. I’ve always liked RIMM, although he’s a bit moody from time to time.
Be nice about the video. I’d love to hear some feedback. Just remember it’s not as easy at it looks 
