Market Comments
at 2006-10-17 14:48:16
It really doesn't get more boring than this. As the financial channels keep flashing "new all-time high" on the Dow, I can't help but think of the many ways a cap weighted index can influence the emotions of so many people.
Energy stocks continue to rebound from their lows set a week ago. News that OPEC will agree to cut production at a meeting this week continues to lite a fire under the group. We told you a few weeks ago that this would probably happen.
What this market needs to reveal its true colors is an end to the election "magic" that seems to be casting a spell on its daily upward gyrations.
Today, Goldman Sachs Downgraded Home Depot to neutral from buy, and UBS Downgraded GE to neutral from buy. Here are examples of two big bell weather stocks receiving downgrades, and the media is ignoring the future ramifications of these downgrades.
Weekly Commentary by Jeff Saut
at 2006-10-17 14:48:16
There are not many investment strategists better than Jeff Saut at Raymond James. He mixes in a good dose of common sense in with his analysis.
Here are his recent comments: Jeff Saut
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at 2006-10-17 14:48:16
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at 2006-10-17 14:48:16
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Market Recap for 10/3/2006
at 2006-10-17 14:48:16
Many of our observations are now available as audio presentations that you can play on your computer or download from Apple's iTunes Music Store to play on a portable device such as an iPod...(Read More)
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