By IFII Staff
Weekly Wrap-Up- Revenge is Sweet: Too-Big-To-Fail Banks About to Meet Their Arch Nemesis
Ed Pawelec lets us in on a behind-the-scenes drama in the world of banking that is sure to result in more fireworks for this volatile group -- click here for more.
- Markets Give Long Term Income Investors a Huge Gift
Big T takes us into the mind of a long term income investor as he makes the case for buying stocks over bonds -- click here for more.
- Bear or Bull? What's Next for Markets?
Costas Bocelli breaks down the S&P 500 and all of the potential twists and turns you need to be aware of -- click here for more.
- Can Gold Move 69% Higher?
Chris Rowe delivers an in-depth study of the technical tools he's using to make a bold call on gold -- click here for more.
- Follow the Stocks, Not the Headlines
Marc Lichtenfeld says it's time to buy the dip, and shares his favorite income play -- click here for more.
Big T's Takeaways
It sure looked like the market was going to roll over Friday morning but, lo-and-behold, stock prices started to catch a bid.
Optimism remains high that the European powers-that-be will put together a rescue package for Spain's banks. Whether that is pure wishful thinking or not remains to be seen.
We also saw all of the major ratings agencies put the U.S. on credit watch with negative implications. So far only S&P has downgraded the United States, but last week's news makes it a virtual certainty that Fitch and Moody's will follow suit sometime next year. This is a story that is being relegated to the back burner, but as we get closer to the end of the year expect it to start filling the front page again.
As bearish as things may currently look, there are two rays of bullish sunshine that you must be made aware of...
The first is sentiment, which is already extremely bearish with a nary a bull to be found. In order to see a much bigger slide, you typically need to see more complacency. Right now we are seeing the opposite of that -- investors are cautious and skittish. It's tough to fall off a cliff when everyone is looking for the cliff.
The second ray of hope in which the bulls should take heart is the fact that the S&P 500 closed above its 20-day moving average. This is a bullish sign that should not be ignored.
However, neither one of those items will be compelling enough to save us from a drop if the news this weekend is not to the Street's liking.
Long story short, we continue to be in a headline driven market.
OUR PRINCIPLES |
1. Our Customers
I think it was Frank Sinatra who once said, 'If you think customers are not important try doing business without them for a while.'
Although he was referring to another singer who didn't like to sign autographs, he could have been talking about any customer in any business.
In our offices here in Delray Beach we keep that quote posted on the wall just to remind us how fortunate to have you as part of our family.
2. No Hidden Agendas
Please forgive the populist tone here, but the sheer audacity of what some brokerages pawned off as "research" in the 90's was stunning. As a result, the New York State Attorney General forced many of them to fund separate independent stock research firms.
We here at the Institute for Individual Investors have no interest in the "conflict of interest" business (we've seen what it does to people.) We do what we do because we enjoy it and we're good at it. Therefore know that we will never accept any payment, in any form, to recommend the shares of any company. Period.
Our goal is to not only provide you with our unbiased opinions, but to also bring you behind the scenes and show you exactly how we form those opinions. Knowledge is your best defense in the investing battlefield.
3. Information You Can Understand
In addition to the research and educational courses we offer, we try to present our facts in a way that will help you understand the rationale behind our thinking.
It is our hope that during the course of our relationship you will gain a more sophisticated framework for making investment decisions both as an investor and as a businessperson. We believe that the more educated you become, the more likely it is that you will appreciate and recommend our work.
4. We Will Always Admit Our Mistakes
Only fools never admit and learn from their mistakes. Good investors are not born they're forged. It's that simple.
5. Real Wall Street Experience
Everybody we hire to teach and inform you will actually have real investment experience.
Need I say more? Well, I will. Why?
Because many of our "competitors" aren't real investors - they're marketers and journalists pretending to have the real world experience that separates the men from the boys.
No comments:
Post a Comment
Keep a civil tongue.