Economics
More data on inflation and money supply:
http://mjperry.blogspot.com/2008/08/m1-m2-real-gdp-and-cpi-growth-1970s-vs.html
Politics
Domestic
Obama, a concrete example of his success at reform and why we may never know the details:
http://www.americanthinker.com/2008/08/obamas_lost_annenberg_years_co.html
International War Against Radical Islam
The Market
Technical/ Fundamental
Yesterday, the performance of stocks in general was nothing to get excited about--indeed, the time and distance measures tell me to take the upward sloping July to present trend lines off the chart. That leaves a big question mark on any measurable support level. Granted the S&P hovers above its March 2008 intraday low, but the DJIA has nothing but air between its current level and its July 2008 intraday low. That kind of mixed picture makes me uneasy, so my inclination is to leave our stock purchase program in suspension until we get an identifiable support level for both indices.
While that was basically not too dissimilar to my conclusion Wednesday night, our Portfolios nevertheless bought energy issues yesterday on the proposition that those stocks had hit a bottom--us and the rest of the world. As I am sure you know yesterday the price of oil and oil stocks took off like a scalded dog. Although I believe that there remains plenty of room to the upside, my inclination is not to chase stock prices such a price spike.
Today we watch and re-assess after the Market close.
*********************************
Of analysts and estimates:
http://bigpicture.typepad.com/comments/2008/08/analysts-profit.html
Sector advance/decline lines:
http://bespokeinvest.typepad.com/bespoke/2008/08/sector-advanced.html
News on Stocks in Our Portfolios
Two brief articles on Abbott Labs (Dividend Growth Portfolio):
http://www.zacks.com/rank/zcommentary/?id=8365
More Cash in Investors’ Hands
No comments:
Post a Comment