U.S. ups terror alert for financial areas

[eigh8or]

Just when we thought it was safe to step into the market again, another terror alert pops up, and it deals with the one place where investors will certainly be taking notice by Monday.

http://cbs.marketwatch.com/news/stor...=mktw&dist=bnb

The Financial district of New York is the prime target mentioned in the latest terror alert. Also note the alert was upgraded to Orange, which is another reason to concern investors this coming week. With Wall Street still showing signs of weakness, any attempts at a rally may have to be put on hold for at least the short term. By the time the talking heads on CNBC and other financial news outlets are done hyping the news, I'd have to expect the psychological impact on the market this coming week will show up quickly on Monday morning.

Todays Alert upgrade is just another reason to keep you stock holdings to a minimum. The stocks I see benefiting again from the alert, might be the Defense stocks and Energy stocks. Oil is most likely to hold strong or even move higher on Monday. I still believe we will see $45 a barrel oil before this coming winter.

Tomorrow might be a good day for anyone looking to buy at a lower price. If the terror alert does bring on a bearish opening, then you should expect many stocks to spike lower at the open. At that point a small position might be a good move.

Let's all hope that nothing comes of this newest alert, but it will be on the minds of many investors this coming week. It's times like this I dread the thought of a Kerry as President.

Be careful out there and remember to keep your stops close by.

eigh8or :mrgreen: