How does the Occupy Wall Street Movement Effect My Portfolio?
The Occupy Wall Street Movement may have a major impact on the Stock Market. Look how others are playing this event.
Over the past month, the country has been watching as protestors began converging on Wall Street in New York City, New York on September 17, 2011. The movement “is a people powered movement … fighting back against the corrosive power of major banks and multinational corporations over the democrative process, and the role of Wall Street in creating an economic collapse,” according to the movement’s website, OccupyWallSt.org.
The movement has spread to over 100 cities in the United States and 1,500 cities globally. Many traders at the web’s top stock market trading site, WallStreetSurvivor.com, have been asking how this movement will impact their portfolios, if at all. Thus far, analysts have been unable to find any evidence that the movement is affecting the stock market at all.
However, over the last month the movement has gained more followers and is gaining in media visibility, especially following the violent incident on October 25th at the Occupy Oakland protests. Some analysts have recommended going short SPY and going long FAZ to protect investors against potential market risk as a result of Occupy Wall Street. However, they contend it is still too early to tell if there will be any long term effects on the stock market.
Other analysts warn that the anger of the people could have a negative impact on companies like Bank of America (BAC), who coincidentally also chose to charge debit card fees recently. As a result, it could become a casualty of this movement. It may be a good time to invest in bargain blue chip companies which will likely ride out the storm this movement causes.
Popular stocks being traded on WallStreetSurvivor.com’s sister site, HowTheMarketWorks.com include large corporations such as Microsoft (MSFT), Lowes (L), Silver Wheaton (SLW), Hewlett Packard (HPQ) and Ford (F). One way to test stock performance before buying is by playing the stock game at WallStreetSurvivor.com. Investors can test investing strategies and stocks without risking any real money during this turbulent economic time. To learn more, visit www.wallstreetsurvivor.com.
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