The stock markets have been very volatile over the last week as participants pay close attention to the unrest in the Middle East. Even though this trend may continue for a while, this gives us the opportunity to add to some of our favorite positions at discounted prices. When the markets are ready to focus on underlying fundamentals again, our stocks will be in a good position to perform.
Consumers have felt the pinch lately too. The unrest has led to rising commodities prices, and more specifically, higher gas prices at the pumps. This is certainly not helping weary consumers that have been struggling following the worst recession in 50 years.
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