Friday was another down day on the markets. Heading into the long weekend, the markets were light and profit taking from yesterday’s rally were both in order. This was the first full week of decline after 10 weeks of rallies. So with that news, this pull back is nothing to stress about. There are opportunities for investors and traders alike!

On Friday, Warren Buffet did announce his interest in getting stakes in companies like (JNJ) and (WFC) for his Berkshire company. This could be an indicator for taking long term holdings for other investors that do like to emulate one of the best investors of our time. Personally, I don’t like (WFC) its current price and will not be surprised to see a further decline in price. It was around $9 at one point and its currently above $24. The stock should pull lower before coming upwards again.


Here is the Friday Summary:

Its a pretty quiet weekend in terms of investing related news. Things could change for the Tuesday open. Enjoy the long weekend!

Happy Investing!

Aman, MBA

No related posts.