Business Week’s Gene Marcial Recommends J&J
CEO Blogger (October 9th, 2008) Writes:
Gene Marcial Likes Johnson & Johnson:
track his picks at:
http://trackthepros.com/stocks/category/404
When things get tough in the stock market, it’s time to play defense—and offense. That’s the strategy of savvy professional investors as the major U.S. equity indexes spiral downward. Since Oct. 1, when the Dow Jones industrial average closed at 10,831.07, massive selling had driven shares down nearly 13%, to 9,447.11, by the end of trading on Oct. 7. The widening financial crises, exacerbated by fears of a looming recession plus Europe’s own bout with credit problems, pummeled markets worldwide. And relentless selling by hedge funds that had to meet rising margin calls on their heavily leveraged portfolios was a big part of what caused the turmoil.
“We can’t take it anymore” is a common cry among many investors. But in the worst of times, the markets create value for those willing to pluck out the “angels” that
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