Pages

2012/06/09

Weekly Wrap-Up

To ensure you never miss an issue, click here to whitelist usClick here to unsubscribe.
June 9, 2012
Weekly Wrap-Up
Morning GPS
Teeka TiwariListen in as Teeka Tiwari, Chris Rowe, Costas Bocelli, Ed Pawelec and special guests give you the world financial news that you need to be profitable every market day... Sign up today to receive audio commentary every morning from some of the brightest minds in the industry.
Sign Up for Morning GPS
Weekly Wrap-Up

By IFII Staff

Weekly Wrap-Up


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.

Let Us Know What You Think About This Article

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.