Skip to main content

UCS Morning Update

Good Morning everyone. Well it's been a few days, since my last post. Wow! The market keeps going up and up and I am not seeing anything to suggest that it is going to pullback in any major way. Although, I am still predicating a pull-back since last week.

However, its just a few sectors such as technology, health care and a recovering financial sector that are really powering the DJIN and the major indexes. In addition, the DJIN Index is not bogged down anymore by two money losing companies- GM and Citigroup; both were removed from the DJIN Index earlier this year and replaced by Cisco, the largest maker of computer-networking equipment and Travelers, the second biggest commercial insurer. The DOW is now very buoyant and light. Of course there are other reasons why the DOW is rising but we will leave that to another future post. In the meanwhile, tread carefully.

8/04/2009 9:52 AM
Labels:

Comments

Post a Comment

Popular posts from this blog

Morning Update

By Rick Walter Still working on putting together a strong biotech portfolio. Here is a good general article on the state of the biotech industry that was posted yesterday on the online Wall Street Journal's site- Biotech Stocks Hot Right Now, Ho-Hum in the Long Run.
Post a Comment
Read more

New Podcast Series

By Rick Walter Hi everyone! Tune-in to our new financial commentary podcast(audio) series . The goal of our podcast is to help you cut through the clutter of web misinformation by focusing in on specific articles that can help you make timely decision on companies that you may own as investments. The ongoing series will also provide independent analysis on specific industries, and cover important topics that unfold daily with input from heads of local and regional companies that are private and publicly traded. Tune in daily at http://www.ucsinv1.podomatic.com/ .
Post a Comment
Read more

Semiconductor Conundrum

By Rick Walter Last weekend I worked on a new semiconductor portfolio because I thought that although the price to earnings ratio of many of the companies in the industry are still too high (P/E's of companies in this industry typically runs very high), there still may be an opportunity to take a position in the industry and make some money. Although knowing what companies to buy in this industry may be the ultimate conundrum. This sector is ferociously competitive and over the years even the best companies, such as AMD , Rambus and Novellus Sys have succumbed to the price pressures of the competitiveness in the market. Of course, most of the pressures in this market have stemmed from the relentless drive of Asian chip manufacturers quest to completely dominate the market through a combination of foreign currency exchange rate manipulation of the Renmimbi (Yuan) and cheap labor. Their domination of the markets has also been helped by a global market with an insatiable demand for...
Post a Comment
Read more