This week began with Bernanke talking of light mark to market rules which will help the balance sheets of banks. Ben followed with comments that he still felt the recession would end by year end 2009. Later during the week,…
The following quote may some up the bulk of what the market has been trying to over come for many weeks: “It’s been this continuous (cycle of) hope leads to disappointment,” said Todd Salamone, senior vice president of research, Schaeffer’s…
As we stated in our Q 1 2009 Newsletter, we felt the markets would at least “Test the November Lows of 2008” some time in the first or second quarter, our guess was sometime in May. As of Friday, Feb.…
Over the course of the last two days, we have heard from many prominent government figures (Ben Bernanke, President Obama, and Tim Geithner via President Obama) and we may finally be getting some answers to our many questions. Unlike the previous…
Yesterday, consumer confidence numbers, depending on which poll you looked at, reached very low levels. Interestingly to us, slowly but surely, it is our belief things in our economy are getting better. Certainly home prices have continued to fall and…
We are not happy with the performance of the markets, not unexpected given our last Quarterly Newsletter; but certainly, we are not happy to be correct with the markets thus far in the year. From the glass half full standpoint,…
In a chance lunch visit with a peer in the professional investment community yesterday, he mentioned something, and I quote, “Good investment advice does not change on a daily basis.” We both took note, and I mention this quote today as a…
Today, an Investor’s Business Daily poll showed that 2/3rds (66%) of Americans think media coverage of the current economy is sensationalistic. As a regular part of my evening watching, I avoid the 6 p.m. news due to the negativity that usually…
As a continuation of our prior post “2009 Key Items to Watch” see link for complete post : We have noted that two of the four items have had positive movement; yesterday, Treasury Secretary Timothy Geithner leaked word to the…
Monday, Feb. 16, 2009, Equity and Fixed Income Market will be closed in honor of President’s Day. Friday, Fixed Income markets will close early and many traders will depart for a much-needed long weekend. Many times a holiday-lengthened weekend results in low trading volume across all…
