Market Watch with Tom Waitt

March_7th_2012.mp3 Consolidation    Three years after hitting a low The Dow Jones Industrial Index has doubled in value. Yesterday Global equities fell. Is it time to panic? Dow Jones Industrial Average (Click For Larger Picture) Three years ago March 6th 2009, the Dow Jones Industrial Average fell to 6,469 a week ago we hit 13,055.75 more than double. The advance had corrections along the way 14.6% in the spring of 2010, and 19.2% in the summer of 2011. So far in 2012 stocks advanced 6.9% and with yesterdays decline corrected 2.5%. Markets do not go straight up or straight down but there are days it seems that way. A minor correction is expected after a steep run up but with higher highs and higher lows a challenge of the 2007 all time high of 14,198.10 is expected over the next year a further 11% move. There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a u