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Dow Pushes Above 11000

Tuesday, February 14, 2006
Today we are going to take a break from real estate and take another look at the stock market. No particular reason, I just did not feel like writing about looking at properties today. As you may know if you watch the market, the DJIA passed through the 11000 mark today for the second time this year.

One of the focuses for me on the stock market are the energy sector with Exxon Mobile (XOM) and other energy producers. General Motors is also stirring up some interest with me. While I do not think GM will be making money very soon, it seems like there may be some good opportunities to buy up some of this company at a low price in the future. Right now there is too much risk for me to be that interested, however depending on the talks with UAW etc, I may consider it at a later juncture.

Another sector of interest for me is Real Estate. Namely REITS and MREITS. During the raising interest rates many of these companies have suffered severe hits to their share price. There is speculation over whether Impac Mortgage Holdings (IMH) has hit its floor yet. IMH has gone up over 7% so far today. Since I am not a trader, but a long term investor in IMH I am waiting for the conference call to make any decisions. Sure it may mean there are missed gain opportunities, but there is less speculation involved in such a move. OFC is also worthy of being looked into. Their 200 day moving average for 3 years is basically a straight line. Sure they are not huge growth, but who wouldn't take some steady growth in their portfolio?

As always, make sure you do your due diligence before taking any positions in the stock market.