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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

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