Fear brings Opportunity

Fear continues to plague investors who continue to sell stocks in the face of good economic news including the largest increase in jobs in awhile. In fact, unemployment has risen to 9.9% from 9.7% as the job market has improved enough that people that had given up looking for jobs have returned to the job market. Today I added 200 shares of an emerging market ETF that I sold for a healthy profit not more than a couple of months ago as the share price had dropped well below what I had originally paid back then and I expect to be able to sell it at a greater profit i couple months hence. Again opportunity presents itself when fear is driving the market in the face of decent fundamentals.

I would stay away from the European market right now until Merkel etal have loaned Greece enough money to allow their austerity measures some traction so they can begin to pay down their debt. It is still too early to say whether or not Greece will default on their bondholders and a debt restructuring may be in the cards down the road.

Several solid companies are cheaper than before and their share price may have reached a good entry point. There are some good dividend players in the telecom and industrials markets andtech including Microsoft could be a good buy right now.