Buyer Beware: Is it time to rein in pre-mature euphoria and be wary of the over-exuberant stock market? This seems to be the question of the day. Given the backdrop of our current economic news, the market should experience a pull back from the recent gains. Yet, the “news du jour” is moving the market;
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Click here for a printer friendly version   Yesterday we saw some surprising weakness in retail sales numbers, oil inventory and demand numbers. Morris Segall of SPG Trend advisors noted that consumer spending was weaker than expected in virtually every category in the retail sales report. Mr. Segall further stated that gasoline and oil consumption
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Click here for a printer friendly version   This market takes a licking and just keeps on ticking. With the news today that regulators are urging Bank of America and Citigroup to boost capital the market had every reason to decline. Yet with the backdrop of a possible flu pandemic the market absorbed this news
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For a printer friendly version click here.   A month ago we said that investor sentiment was shifting to a positive outlook and that we believed we had likely seen the market bottom. The economic data were showing signs of a slowing decline and perhaps a bottoming. We talked of and expected a potential market
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Click here for a printer friendly version   The corporate earnings season got underway today with Alcoa reporting losses greater than what analysts estimated. Lowe fs has been looking to corporate earnings as one indicator of the overall ability of the market to sustain the recent rally or create downward pressure and a pull back
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Click here for a printer friendly version Unexpectedly Good Economic News & Treasury Plan Leads to Brighter Outlook This commentary is one of the most optimistic we have written in a year and a half. As you read this, please keep it in perspective that any recovery will be a long process and that we
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Click here for a printer friendly version   On a day when the markets sunk to their lowest levels in 11 years (source: Yahoo Finance) can we find any reason to be optimistic? We are going to try. For much of the last year we have focused on the immediate economic and market crisis, and
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Click here for a printer friendly version There is a tug of war going on between “bottom fishers” seeking to buy stocks at low prices and unnerved investors who are waiting for an opportunity to sell out of the market. We believe we are seeing buyers come into the markets seeking value thus driving up
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Click here for a printer friendly version Tax Data Update from Royal Alliance and Fidelity As we have previously mentioned, the IRS granted an extension to all investment companies for sending 1099 forms. While some of our clients have received their 1099 forms other have not. Both Royal Alliance and Fidelity appear to have taken
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Isn’t amazing how numb we simply are now to 2% or more daily swings in the markets? As we enter February, we are experiencing the barrage of bad economic news that we expected. The market today is reacting to hopes that the stimulus will pass. At the same time the U.S. economy lost 598,000 jobs
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