A new stock on the market is Sprectra Energy. I feel the bottom has been set and is ready to be promoted.
SE is the symbol and is trading at $26.27. It is in the gas distribution category. I know I am in the bear mode right now but the only long term stocks to own now are the natural resource and energy stock. They will contininue in their own bull market untill 2010.
Now you ask how come there are different markets? Everyone remembers the dotcom high tech frenzy.
Did the resource stocks participate then, no.
So now the techs haven't participated but the resource stocks have and they will continue to grow.
The growing populations and the new economies of the world are building a new infrastructure that require emense capital involved in construction. The depleted resource stocks are just getting started in charging for the lack of supply.
This will cause inflation which the stock market does not like which is why I say the market has peaked for the second time, 2000 being the highest and 2007 being the second highest.