Skip to main content

UCS End of Week Update

It has been a strong week for the markets. Broad rally across the board pushed indexes higher, although today signaled an easing up on the gas pedal. I have been touting technology funds all week- actually for months but today I got a little comeuppance with technology weighing heavily on the NASDAQ: -7.64, keeping it slightly in negative territory for most of the day. Microsoft reported earnings yesterday and they were off by 17% which affected the NASDAQs performance today. However, it seems that investors had already discounted the recessionary effect into the price of the stock. Neither the stock or NASDAQ tanked today. Yeah!

I have to say that I don't know what to expect going forward next week. It's a wait-and-see strategy for next week. We could do like ousted Honduran President Zelaya, who today ran a few feet from across the Nicaraguan border to the Honduran border and then back over to the safety of the Nicaraguan border- Secretary of State, Hillary Clinton called Zelaya's action "reckless". OK, we won't do that, but what does Zelaya's actions have to do with figuring out what's going to happen in the markets next week, I have no idea! :-)

Join us for our online web meetings this weekend starting on Saturday at 10:30 am and Sunday at 4:30 pm. The topics will range from ETF basics to capital preservation ideas. Send an email with web cast in the subject header with your name and email address to ucsinv1@gmail to register. Have a great weekend everyone!

7/24/2009 7:15 PM
Labels:

Comments

Post a Comment

Popular posts from this blog

The Old Reality is Still the New Reality

The Old Reality is Still the New Reality  Dodd Frank Illustration   I sat at my desk last week wondering what went wrong. Was I experiencing some type of trading depression? I checked my models, macro numbers, company profits, software, pricing etc. Some of my option contracts were either worthless or were on their way to being worthless.   The pricing of the contracts were not in-line with the actual underlying price of the securities that I was trading. The options' pricing per contract were either priced 40% or more above what the underlying security was worth or priced 40% or more below what the securities were worth. This old reality was still the new reality even after all of financial fixes implemented to fix these same problems that contributed to the financial meltdown in 2007-2008.   The new Dodd-Frank Wall Street Reform and ConsumerProtection Act which was supposed to clean up many of the abuses in the financial system such as accountability, transpare
Post a Comment
Read more

What to Buy- Foreign vs Domestic funds?

Calm before the storm. At least that's what I've been reading. It seems that there is still not much buying. Much of the buying seems to be just shifting funds from one account to the next. It's called "churning" in broker turns. So, I wanted to see if anyone was buying, you know, new money. I clicked on over the Investment Company Institute website to see if they could shed some light on this matter. Based on their recent reports, "Estimated inflows to long-term mutual funds were $ 12.48 billion for the week ended Wednesday, June 10, 2009 ", versus $ 13.646 billion for the week of June 3. At least it wasn't negative. There is buying. As a matter of fact, buying has almost doubled compared to inflow numbers reported in May. I also noticed that Equity Foreign Funds had a larger percentage increase than other categories while Taxable Bond Funds had a noticeable percentage decrease in inflows as compared to the previous periods. Interesting. Are in
Post a Comment
Read more