The Onslaught Continues

Down for the 10th day in a row. That is the longest losing streak that I have ever had. I perceive that we may be getting close to the bottom in this shake out pending no major negative news. Only one of my holdings, JP Morgan Chase (JPM) closed up today. While that is bad news, it may be good news as well. JPM hit a 52 week low yesterday. It may be that this stock has found its bottom for the short term anyway. Another holding, Pfizer (PFE), has dropped to the point it has a 4.88% dividend yield. While there has not been positive news from PFE for sometime, it is a company that has ample cash for buybacks, increased dividends, or acquisitions. I would think that PFE is close to finding a bottom.