Jeb | August 25, 2009
General Market Comment: August 24, 2009
Last week I opened with this comment . . . “The market may have begun a long anticipated correction. It might be a short one” It looks like was indeed a short one – only two days. All the major indexes made new highs for the year on Friday. The [...]
admin | August 17, 2009
General Market Comment: August 17, 2009
The market may have begun a long anticipated correction. It might be a short one. The weekly leading economic indicators compiled by the Economic Cycle Research Institute have been on a tear of late pointing to a sharp economic recovery – soon. This would be consistent with the sharp increase [...]
Jeb | August 10, 2009
General Market Comment: August 10, 2009
The market has refused to pull back much to the chagrin of the trading crowd. One of the reasons you have all heard about is the strong earnings performance in Q2 – or rather the strong performance relative to expectations. I include below an excerpt from Bespoke Investment Group that [...]
Jeb | August 3, 2009
General Market Comment: August 3, 2009
The improving earnings outlook continued to gain support last week as more companies beat the earnings estimates. In a typical quarter (since 1994) Thomson Reuters tells up only 61% of reporting S&P 500 companies beat estimates. So far 74% of the 337 who have reported have beaten estimates.
The following comment [...]