This year’s top ten stocks caught my eye in the news. I looked at some of the charts (Avaya for example) and discovered that the reason many of them jumped so high is because they were at all-time lows last year. Ebay’s growth on the other hand appears to be consistently trending upward. Eric Hellweg of CNN Money discussed Ebay’s growth, implying it will continue to grow even though others say it’s a stock for the wildly bullish and risk-loving.
The thing that scares me is that if analysts are wrong, they say, “Whoopsie daisy, I messed up. Sorry about that.” Meanwhile the balances of those who followed their advice are reduced to the cost of a Happy Meal.
With the ups and downs in our economy over the past few years, I can see why people leave their money in the bank.