Spring has officially arrived, and for me that means the beginning of Spring Training! An avid baseball fan since I was only 5 years old, I find myself watching baseball with as much intensity as Wall Street watches Bernanke’s body language before Congress!

The Fed rode to the rescue again last week by lowering short-term interest rates by 0.75%. The Fed Funds rate is now at 2.25%. Good move. Unlike many pundits out in left field, I have faith in Coach Bernanke and his playbook. After the market retested its January 23 lows in early March, the Fed announced plans to pump $200 billion back into the markets to add liquidity and ease the strain of the credit crunch.

That of course, sent the big-hitters swinging and the bulls charging. The S&P 500 posted its best daily performance in 5 years and the Dow shot up more than 400 points. And yet, I’ve noticed that more than a few loyal investors are sitting idly on the sidelines. In fact, I’ve spoken to 500 or so investors over the past 10 days, one-on-one, or in small groups, and I must tell you, big mistakes are being made.

Here are the top 5 you won’t want to make:

MISTAKE #1: Looking for Rescue From the Bull Pen

Instead: Realign yourself to reality. Shift your focus to what you can control, like buying stocks with proven track records and management who knows a thing or two about winning the game. I’ll get to that in a second…

MISTAKE #2: Waiting for the Perfect Pitch

Don’t hold out on the market. The pain we get from losing is double the pleasure we get from hitting a home run. By waiting for your “break even” price, you’ll be standing in the batter’s box all inning long while locking up capital that could be growing. You also risk losing more profits. Instead, grab your principal and go after companies with predictable earnings. This earnings season, only one in 100 companies has been able to deliver, and they are being rewarded handsomely!

Companies like…

First Solar (FSLR) up 30% the day after earnings were released…
General Cable (BGC) up 84 cents a share–up from 67 cents just last year…

In three months, I guarantee these major league stocks will be hovering around $1.05 and $2.00 a share respectively!

Want more proof? General Cable is up 25% in the last 3 weeks for my Emerging Growth subscribers!

MISTAKE #3: Don’t Steal Bases When You Don’t Have To!

Yes, its Price to Earnings is only 6, and yes, it’s down 60% but don’t touch it even if it’s bouncing up a little. Remember, even dead cats bounce! And lots of stocks go all the way to zero, even in a bull market.

There’s a lot more pain to come. If you start bargain-hunting today, you’ll be sitting on the bench tomorrow. No joke!

MISTAKE #4: Not Picking Your Coaches Carefully

Believe it or not, most people hawking stock tips don’t even make a living in the market! And they’ve never made money in a bear market! Remember when a book called Dow 36,000 was a best-seller in 1999? The new crop of idiots are calling for Dow 7,000! Meanwhile, it has just been officially announced: At Emerging Growth, we’re batting 49,900%! And that’s in spite of bears, recession, terror, war, scandals and greedy team owners!

For more than 20 years Emerging Growth has been the #1 advisory in America. My stock picks have consistently hit profits out of the park year after year.

MISTAKE #5: Not Reinventing Your Game

Let’s face it. Growth is recession-proof. If you’ve got the moxie to keep innovating, you’ll keep creating wealth, and keep investors and the fans cheering.

That’s why at Emerging Growth, we’re buying Guess (GES) and Dolby (DLB) right now. Both companies are innovating to the major leagues. That’s also why we’re buying Tempur-Pedic (TPX), too. Margins on the company’s memory-foam mattresses are over double the industry average for metal spring mattresses–and they’re able to put prices up. You’ve just gotta love those stats!

We’re buying Crocs (CROX). Both Crocs and Tempur-Pedic developed new patent-protected foam materials, marketed them aggressively and distributed them in new ways that did an end-run around the competition.

And, while all 4 stocks have felt the downdraft from the Dow earlier this year, make no mistake: Fueled by growth, these 4 are already break-out All-Stars.

While the U.S. economy may be teetering on the brink of a recession, lots of money still can be made! Discover the hottest stocks in this market’s hottest sectors right now! Thanks to a weak U.S. dollar, exports are booming, and the vast majority of the stocks on my Emerging Growth Buy List are hitting them out of the park!