Market Watch with Tom Waitt

June_30th_2010.mp3 Fear and the Thundering Herd!    Fear and the Thundering Herd; should you join the negative stampede or is it time to run against the masses? As we approach the end of the second quarter fear and bearish forecasts surround equity markets. It appears the second quarter will show a decline of 10.8% from the 1st quarter of 2010 using the bellwether S&P 500 Index and down 6.4% so far in 2010. However we are still up 13.5% from year ago levels. S&P 500 Index (click for larger picture) A month ago (May 26th) we discussed a Fibonacci target of 1008.55 on the S&P 500, although we have not reached that low yet, the recent low being 1035.18 we are now into a buy zone using risk /reward analysis with a 3.35:1 ratio on the S&P.  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 unique perspective on your investments throu