I am interested in investing, and was looking at Countrywide stock. It
seems to have bottomed out recently and with all the problems in the
mortgage industry over the past year or so, my thinking is that this
market
"has nowhere to go but up." What might be some of the faults in my
thinking, and what indicators should I be looking for when choosing stocks
to invest in?
Right now I have just a couple hundred dollars which I want to invest in
stocks. I also have $150/mo going to mutual funds, and a purchase plan
for
$50 worth of savings bonds each four weeks.