The Risk of Not Doing Enough

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	Friday October 21, 2011 Email Me | Visit our Blog | Subscribe | Unsubscribe Trouble Reading this Email? - Click Here Not Doing Enough EU Summit Begins More on Earnings Season Fellow Investor, We got another reversal yesterday. This time stock reversed a mid-day sell off to finish higher. Good luck making any kind of accurate forecasts from the current market action. Prices are rising, or falling, on every word out of Europe. Here's a pretty humorous quote I found at Bloomberg. President of Cambiar Brian Baris said: "This whole situation makes doing my job, as a guy who's trying to buy stocks based on a long-term view, almost laughably difficult...The market is hypersensitive as to whether or not a plan will emerge that will stabilize Europe." Mr. Barish makes a good point. Yes, it's almost laughable at this point. But also, he says any plan form the EU must be able to handle the debt loads and stabilize the EU. So it's with concern that original idea to raise the value of the EFSF bailout fund to 2 trillion euro has been lowered to 940 million euro. Clearly, the risk for Europe is not doing enough. If you give Greece debt forgiveness of 30%, but Greece still can't make its payments, then you haven't really accomplished anything. Better to go ahead and forgive an amount that's adequate. This is even more true with a bailout fund. Better to make the fund huge and not use it then make it too small to instill confidence. EU leaders start a six-day summit today. Clearly, the hope is that a sweeping solution for bank recapitalization and debt forgiveness for Greece will be reached. The EU debt issues have been building for nearly two years at this point. It's become part of our consciousness. I almost can't imagine what investing will be like once a solution is reached. What will we worry about? Well, we've always got China... I'm saddened to report that Microsoft (Nasdaq:MSFT) failed to beat earnings expectations after I endorsed it yesterday. At least it didn't miss. However, the company managed to beat on revenues, so I got that going for me. General Electric (NYSE:GE) met expectations and is down slightly. McDonald's (NYSE:MCD) beat and is up 3%. Verizon (NYSE:VZ) posted mixed results. It beat expectations by a penny, but missed its subscriber growth number. One interesting tidbit -- half the phones it sold were Android phones, Google's (Nasdaq:GOOG) operating system. Android based tablets are also playing catch-up with the iPad. Android tablets now account for 27% of sales after making up only 2.3% a year sago. Apple's (Nasdaq:AAPL) market share has fallen from 96% to 67%... [continue reading at WyattResearch.com]       Click to view the remainder of the article... Silver Sale! 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For more issues click here »   Market Snapshot U.S. Markets - Oct 20 Close Dow Jones 11,541.78 +37.16 (+0.32%) S&P 500 1,215.39 +5.51 (+0.46%) Nasdaq 2,598.62 -5.42 (-0.21%) Valuable Investment Ideas From Wyatt Investment Research Why U.S. Dollars Will Not Be Used as Firestarter Don't let the financial pundits capitalize on your fears and concerns! They want you to take all of your personal wealth and buy gold bullion. more» The Only Indicator I Use Wyatt Investment Research's Chief Options Strategist Andy Crowder shares the technical indicator he uses. more» Please Don't Ever Buy this ETF Many investors have been tricked into thinking this natural gas fund is a winner. 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. 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