May ‘10 - Industrials
June 1, 2010 · Print This Article
After a year of rallying from March 2009 to April 2010, the market has become shaky and nervous. The month of May saw the market lose a huge dose of confidence as Greece’s debt obligation became increasing threatening, America voted for financial reforms, China’s decline from its overbought status became more than just a correction, North and South Korean tensions escalated, Malaysia called for an end to subsidies and a host of other concerns made the market a very volatile place indeed.
The Dow Jones Industrial Average lost more than 1,000 points in May which makes bargain hunting “attractive”. However, to take advantage of some of these bargains, caution must be observed and there is no better caution than to stick to super-sized, well established multinational Industrial Conglomerates to provide stability and assurance to your portfolio.
Comments
Got something to say?