Our Anchor Stocks

Many portfolios started the year with great gains that made it seem like these were solid stocks. You could almost have picked a winner blindfolded. Now, even the formerly hottest issues seem to be going in the wrong direction. It seemed impossible to pick a wrong stock. Now, it seems impossible to pick a right investment in any realm. Virtually everything is going down but misery. The great investments that used to anchor your portfolio are now anchors pulling you under.