One Man's Trash is Another Man's Treasure - Stock Market News
Is the bad news bears still on your shoulder? While the stock market flopped Wednesday October 23, 2013 with S&P 500 ending down 8.29 points (-0.47%) and the Dow tumbling 54.33 points (-0.35%) you must ask yourself this question. Is it all really bad? With the Nasdaq down 22.49 points (-0.57%) and 10-Year Bond sinking as much as 0.027 points (-1.07%), should I really be concerned. Could it be that the season of Holloween provides your portfolio the opportunity to potentially turn green. I think It's time for you to wake up and smell the fresh coffee.
Ask yourself why Oil went down 1.48 points (-1.51%) and the United States total oil supply is expected to average 12.1 million b/d this year, making the United States world's largest oil producer now surpassing Saudi Arabia. Also ask yourself why gold is only down 9.40 points (-0.70%) and the Dow has been shattering mutiple all time highs all year. Do you remember what Frank Lopez said to Tony Montana in the 1983 classic Scarface about a hosah. It's a Yiddish word for "pig" that don't fly straight and wants more than what it needs. Listen. bulls make money, bears make money, and pigs get slaughtered.
If you look a little harder you will see lots of optimism like I described above. For those that think stocks are a sham then tell me how does Google Inc. (NASDAQ: GOOG) remain above a thousand at $1,031.41 per share and experience a $24.41 gain. For those that think that the stock market is still a foolish investment then tell me how does Apple Inc. (NASDAQ: AAPL) remain above a five hundred at $524.96 per share and experience a $5.09 gain. Tell me, how does Stereotaxis Inc. (STXS) remain above a five dollars at $5.07 per share and experience a $1.50 gain. I tell you why, innovation my friend. American singer and songwriter Madonna qouted, "Nothing really matters and Love is all we need". Don't be surprised if more stocks dish out more love at the end of 2013 and guess what. In 2014 after the United States National Health Care Act is intact the stock market might make you feel like break dancing. After all, one man's trash is another man's treasure.
Remember: Always do your homework and consult your own financial professional.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.