Archive for September, 2010
Thursday, September 30th, 2010
Today’s Stocks and Topics: Shorting, Portfolio Management Rules, ETFs, 401(k), Treasury Bonds, TIPS, Retirement, Money Management, Where the money goes.
Subscribe to the Investtalk Premium Newsletter for only $9.99 per month and this month get a Free 5-Point Portfolio Smart Scan. http://investtalk.hitfastforward.com/premium-newsletter-sign-up/
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Posted in Uncategorized | No Comments »
Wednesday, September 29th, 2010
As September fades with just two more days left of trading in the month the doomsayers who feared the historical data going back many years that September is traditionally the worst month of the year are being embarrassed. The market is good at that.
History, as I have said many times, tends to repeat itself but it is not something that is your sole gauge of what an investor should do. It is one factor out of many.
So far, this September is proving to be one of the best Septembers in history, just like August was one of the worst and July one of the best for their respective months. The only conclusion you can take away from these facts is that we have had a very volatile quarter for the stock market.
However, that is past not prolog. If you review historical data the fourth quarter is traditionally the best or second best quarter of the year. I wish it was that simple. It is better to look at the fundamentals of the individual stocks and the underlying value of the entire market with a strong dose of critical thinking about the economy.
Stocks are inexpensive especially as earnings keep coming at high levels, and the economy, while it may not be robust, it is still growing. The world economy is in better shape than the U.S. The market is likely to rally with this kind of backdrop. Again, I wish it was that easy.
Good Trading
Steve Peasley
Posted in Uncategorized | No Comments »
Wednesday, September 29th, 2010
Today’s Stocks and Topics: Dow Jones, (NTAP) NetApp Inc., (IMAX) Imax Corporation, PE Ratio, Dividends, (TTM) Tata Motors Ltd, (STEC) STEC Inc., (BP) BP PLC., 401(k).
Subscribe to the Investtalk Premium Newsletter for only $9.99 per month and this month get a Free 5-Point Portfolio Smart Scan. http://investtalk.hitfastforward.com/premium-newsletter-sign-up/
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Posted in Uncategorized | No Comments »
Tuesday, September 28th, 2010
Today’s Stocks and Topics: (DB) Deutsche Bank AG, 401(k), Commodities, The Wash Rule, Retirement, (BX) Blackstone Group LP.
Subscribe to the Investtalk Premium Newsletter for only $9.99 per month and this month get a Free 5-Point Portfolio Smart Scan. http://investtalk.hitfastforward.com/premium-newsletter-sign-up/
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Posted in Uncategorized | No Comments »
Monday, September 27th, 2010
This week the Federal Reserve will be meeting and we will see August housing data for both starts, and sales for new and existing homes. The Fed will likely do nothing other than give us further assurance that we are in a slow recovery. They will not be moving interest rates and the only direction they ‘could’ move them is up. I think they should start to tighten a little if only to give themselves breathing space later on and to provide a little confidence in the market. That is not going to happen. If they begin to tighten monetary policy it will not start by rising interest rates. They will likely start by buying back certain debt instruments and it will be a slow process. They are not interested in frightening the market place.
Housing will be weak as it has been for several years. The data might be a little stronger than last month’s but last month’s numbers were so very bad that some improvement is likely. Any improvement is not an indication of anything other than maybe we have hit bottom. Prices for homes will remain weak but sales, with the extra low interest rates, will firm up. I expect mortgage rates will remain low for an extended period of time, but housing will not really begin its recovery until employment improves.
Finally, what might move the market further will be the merger activity, which continued this morning with three large deals, and corporate earnings. The quarter will be ending soon and that means earnings season is right around the corner. Traders will begin to focus on those reports trying to anticipate the winners and losers.
Good Trading
Steve Peasley
Posted in Uncategorized | No Comments »
