The market could not tank one more day. At least not today. Apple has held its ground at 171, not bad considering the rocket ride from 120 to 190 in the first half of this year. Google has stayed firm above 500. Neither are bargains at this point though.
Visa slipped below 67 yesterday and is hanging around 70 now. Is V a bargain below 70? Maybe. MasterCard is also rebounding nicely today. Until there is a revolution in the transaction-handling business, those two will continue to make out like bandits. It's like gas prices. No point in bitching about them. If you can't beat 'em, might want to join 'em.
The picking is slim. So many stocks that were on Cloud 9 six months or a year ago have been torched. Pain is everywhere. But the survivors stand out even more now. I still wonder which of the alternative energy stocks will win over the long haul. First Solar is clearly the frontrunner.
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