Jeez, I don't know about you but the only stocks that are green on my screen are Weyerhaueser (WY), Deere (DE), and Workday (WDAY) -- which reports tonight -- and cancer-battler Agios (AGIO).
That's pathetic.
The problem is that nothing's down enough to be tempting. Everything's fairly fractional in its decline, or it deserves to sell off because of the strong dollar.
It might be worth it to pick up some of the higher yielders right now even if they have weak euro exposure. We bought some Johnson & Johnson (JNJ) today because it is now well below where we learned last week about all of the potential blockbusters.
I am eyeing a whole bunch of stocks that seem to never come in, but are getting shelled -- stocks like McKesson (MCK), Home Depot (HD) and Netflix (NFLX). Don't forget Autozone (AZO) which is coming down and will soon be supported again by its buyback.
It's ugly. It should be ugly again Wednesday because Europe will be down. I think you will have to be ready to do some buying, though, unless someone from the Fed opens his or her mouth again. Judging by today's reaction, that's not going to happen.
