What really happened today
Once the dust settles, pundits and analysts will begin to start calculating what we’ve been telling you all along. Many, many blue chip stocks are dirt cheap based on discounted cash flow analysis with the risk free rate of 2 %or even 3% on the 10 year treasury. Stay away from cyclicals and invest in the highest credit quality stocks like Coke, McDonald’s, Verizon, JP Morgan, BP, Bristol Myers, Kellogg, Microsoft etc. These stocks are all way undervalued. The reason the Bernanke shot his bazooka today is that he doesn’t want to go down as the Fed Reserve Chairman that … Read more