Poof! Week's stock gains disappear.

Stocks slumped on Friday after two big financial firms reported weaker quarterly revenue and a plunge in consumer sentiment revived concerns about the economic outlook. Both Citigroup and Bank of America are in a recovery mode. The financial stocks are hyper-sensitive to any events.

My feelings are to buy more of these stocks as the they drop. When, not if they bounce back, you will reap the rewards.

There is positive news. The Consumer Price Index(CPI), which is a measure of inflation at the consumer level fell 0.1% in June. This was expected and in line with forecasts. Inflation remains tame.

Thanks for Following Me

A special thanks to all who have followed my blogs transition to this new site. I hope it was easy to make the transition. Check out this months stock tips. As many of you are aware, I am not out to trounce the market, only do better than the market. Enjoy the picks, readings, and together lets hope to make money.