Anticipating the Stimulus
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Whether or not I agree with the upcoming stimulus package is irrelevant – some form of it will ultimately get passed in the next few days. It’s an exciting yet nerve-wracking week for investors who are trying to earn the most profit out of the initial phases of this bill. I have spent much of yesterday and the majority of this morning readjusting some of my investments, depositing more funds, scratching my head in confusion, and realizing the gamble.
The stock market really is a beautiful thing… sometimes. A few weeks ago when Steve Jobs announced his medical leave till the summer, Apple (NASDAQ: AAPL) reached a new 52 week low ($78.20/share) as investors panicked and pulled out. Today, the stock is hovering around $100/share. In other words, whatever amount of money you put in Apple a few weeks ago would have gone up by 25% without you having to lift a finger. Yeah, I’m excluding the trading/broker fees and income taxes, but even a 20% profit is substantial for such a short amount of time.
I have to go to the gym now to make up for yesterday’s Mexican-food-outing. I’ll come home, wait for the Dish Network satellite guy to upgrade the dish equipment, and continue looking at stocks.
