Zacks' Voice of the People Highlights Opportunities with Bank of America, Micron Technology, China Life Insurance and American Eagle Outfitters

Thu Aug 25, 2011 9:30am EDT

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Zacks' Voice of the People Highlights Opportunities with Bank of America, Micron Technology, China Life Insurance and American Eagle Outfitters

PR Newswire

CHICAGO, Aug. 25, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "BearMo".

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

Bracing for a Possible 1,000-Point Drop?

Would it surprise you? It won't surprise me.

This bear market rolls into its third month since the highs hit in early May.

It's failed at least three times in attempts to hit a newer high.

We've had a number of up and down days with big drops this month. Is the 1,000 point drop going to happen with the next big 'bad news' or 'bad disappointment' day? 

What catalyst could turn the markets upward?  I see three things  that could cause a turn in market direction, an upward trend in Jobs, an upward trend in Housing, and/or a new round of quantitative easing by the FED (although even that may not help). I don't see any upwards trends in Jobs or Housing. What happens is the FED doesn't announce Q3 on Friday?

What will the markets do if the FED doesn't announce anything positive on Friday?  Will that be the forecasted 'Black Friday' some are talking about?

What if?

Bank of America (NYSE: BAC) is up big today but everybody and his brother is buying put options on BAC...what does that mean?

There's still opportunity to make money in this market but you need to go to the 'dark side'.

My advice. Stay protected (i.e put options, inverse ETF's) and listen to the market and disregard personal bias, do not be in denial (keep your head out of the sand).

The most recent picks by «BearMo» are:

A sell rating on Micron Technology (Nasdaq: MU),

a sell rating on China Life Insurance (NYSE: LFC) and

a sell rating on American Eagle Outfitters (NYSE: AEO).

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