Google's Bullish Acquisition

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	Monday August 15, 2011 Email Me | Unsubscribe Trouble Reading this Email? - Click Here Are Stocks Cheap? Google's Bullish Buy Managing a Correction Fellow Investor, Last week's S&P 500 chart is unusual. After Monday's massive 80-point drop, the S&P 500 bounced in a huge range between 1,120 and 1,180. Volume was very heavy. As we discussed over the last few days, the extreme volatility has been the result of a virtual perfect storm of uncertainty. The S&P downgrade, the last minute debt deal in Congress, the potential for recession and an escalation of debt issues in Europe. The above chart also shows the S&P 500 was above 1,340 just a few weeks ago. At last week's lows, the S&P 500 was off around 17%. That's a sharp decline, no doubt. To put the current levels of the S&P 500 in a little perspective, the highs for 2010 were just above 1,250. And the highs for 2009 were around 1,150. So at 1,180, the S&P 500 is in the range that it's been ever since it recovered from the 2008-2009 crash. But whether that level means value or not depends on earnings. According to the Wall Street Journal, the S&P 500 is trading at 10.6 times projected earnings. That's cheap, no doubt about it. But of course, the reason it's cheap is that some investors do not believe earnings projections are accurate. Yes, corporations have been beating estimates for 2 years now. And there are still skeptics. Eventually, they will be right, simply based on the "broken clock" theory. But up to an including this earnings season, expectations that earnings will miss projections have gone wanting. As I continue to write: companies have adjusted their costs and production to meet current demand. Count me squarely in the camp that believes earnings growth can continue. Click to view the remainder of the article... The One Oil Company Paying Shareholders a 10X Bonus Dividend Gas prices are nearing all-time highs. While the national average hovers around $3.50, some parts of the U.S. are paying upwards of $4.50 and $4.80 and even $4.99 in some parts of California. You would think Big Oil would be flush with money. You'd think they would be paying fat dividends. Sadly, this is not the case. Exxon-Mobil, Chevron, ConocoPhilips, even beleaguered BP are paying only 2 to 4% yields: certainly not sharing the wealth by any stretch of the imagination. But there's one oil sector company paying an unpublished dividend up to 10 times the published dividend. Wall Street "banksters" have cashed in on this payday for years. Now it's your turn. Click here for the full story on this oil sector cash cow.   Market Snapshot US Markets - August 12 Close Dow Jones 11,269.02 +126 (+1.13%) S&P 500 1,178.81 +6.17 (+0.53%) Nasdaq 2,507.98 +15.30 (+0.61%) Currencies EUR/USD 1.445 +0.019 (+1.398%) USD/JPY 76.71 -0.075 (-0.097%) GBP/USD 1.639 +0.011 (+0.684%) Recent issues of Daily Profit Europe's Bogey-Man Is There a Bogey-Man Out There? What the Fed Said more» Valuable Investment Ideas From Wyatt Investment Research All About Free-Gold This concept is gaining momentum and rapidly approaching a "tipping-point" moment. more» 4.3 Reasons to Buy ConocoPhillips Today, you can buy shares of this oil company for less than 9-times trailing earnings - and that includes a 4.3% dividend yield. more» A Mexican Monopolist Yielding 4.1% Let's see if a few bulls take the bait and buy July's "good" employment numbers. more» Independent Investment Services Wyatt Investment Research provides investment research that is independent of the back door deals and machinations of Wall Street. more» Need to retrieve your password in order to view our articles? Click here. Disclaimer & Important Information Wyatt Investment Research and Daily Profit is owned and published by Business Financial Publishing, LLC of Washington D.C. Business Financial Publishing is neither a registered investment adviser nor a broker/dealer. Readers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. We encourage you to review our full Disclaimer and Disclosure policies. To view our Disclaimer Policy, please click here. To view our Disclosure Policy, please click here You are subscribed with the following email address: ignoble.experiment@arconati.us To unsubscribe from this newsletter, please click here. If you believe this communication to be a mistake or unsolicited, please e-mail abuse@bfpnewsletters.com with details regarding your situation, and we will be sure to promptly investigate your situation. Copyright (c) 2011 Business Financial Publishing, LLC. | Privacy Policy Wyatt Investment Research c/o Business Financial Publishing 65 Railroad Street Richmond, VT 05477 PO Box 790