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Archive for June, 2009

June 30th, 2009

How Markets Really Work

(Ted Schwartz) - The best explanation of the forces that are at work in markets comes not from traditional economists but from game theorists. In Mark Buchanan's book, Ubiquity, Why Catastrophes Happen, he examines a wide array of occurrences using theoretical physics.

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June 30th, 2009

Best Quarter Since 1998

(Lee Siler) - As we get ready to end the best performing quarter since 1998, investors look forward to the start of earnings season. The S&P 500 soared more than 16% since the start of the 2nd quarter. This was the best showing since a 21% jump we saw in the 4th quarter of 1998. However, year-to-date it's a much different story. The disastrous start to the trading year has barely put the S&P 500 in the black. As of yesterday, the S&P was up 2.6%, much better than the Dow Jones, but much less than the Nasdaq. Clearly the tech sector led us from the depths of hell on March 8th.

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June 25th, 2009

Use Roths For Wealth Creation And Transfer

(Joe Lyons) - Roth retirement plans are one of the best wealth creation tools available. They are also one of the most underutilized. Simply stated, Roth's are accounts that are funded with after-tax money, which can grow tax-free as long as the account exists. The contribution limits are the same as for pre-tax accounts.

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June 25th, 2009

Commerce Department Releases 1st Quarter Revised GDP

(Lee Siler) - As the market continued to lack direction, the Federal Reserve announced that interest rates would be left alone for the foreseeable future. With the economy still at risk of a more significant downturn, monetary policy will remain status quot.

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June 24th, 2009

Fed Meeting Ends Today

(Lee Siler) - Stocks traded flat with a downward bias, while the Fed concludes its 2-day meeting today. Wall Street will be looking for any signal from the Fed with regards to the fate of interest rates. Obviously, rates are at historic lows, but as the economy tries to bottom there will be a need to tighten monetary policy. However, the question is when? Many economists think the Fed will have to start raising rates towards the end of the year to try and head off inflation. Keep in mind that the Fed Funds target rate is 0.00%-0.25%. That leaves a lot of room to ratchet up rates over the next several months.

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June 23rd, 2009

Is It Time to Rethink Risk?

(Anthony Williams) - If you mention risk in today's tumultuous market climate, most people probably think of their rapidly shrinking investment accounts. But in reality, investment risk takes many forms, and each can affect how you pursue your financial goals. The key to dealing with investment risk is to learn how to manage it - with help from your financial advisor.

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June 23rd, 2009

Stocks Take Worst Hit in Two Months

(Lee Siler) - Markets got wacked yesterday, as the economic outlook for 2009 and 2010 was grimmer than initially expected. The World Bank, a government funded lender to poor countries, said the global economy will contract 2.9% this year. That's much worse than the 1.7% previous projected. The World Bank also cut its 2010 outlook to 2% growth versus its previous forecast of 2.3% for 2010. Also in the news, which shouldn't be a surprise, the government announced that they see unemployment getting to 10%. This was widely predicted, but finally confirmed.

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June 22nd, 2009

First Down Week in Five

(Lee Siler) - The market suffered its first loss in five weeks and the pullback is likely to continue this morning. Many traders had been anticipating some sort of correction, me included, but late second quarter window dressing maybe giving us a false sense of security. Keep in mind, many investors missed the big move since March and now there trying to catch up before the second quarter ends.

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June 18th, 2009

Stocks Mixed Again

(Lee Siler) - The market continues its sluggish trade, as the Dow Jones and S&P 500 close lower. The Nasdaq did manage to trade higher by 0.66%, as tech stocks tried to stabilize. However, the NYSE had another distribution day, which makes it the third session in a row. This leads me to believe that this correction is not over yet, which raises the markets risk level.

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June 17th, 2009

Stocks Showing Signs of Distribution

(Lee Siler) - Stocks continued their sell-off, as trading volume rises again. There is now some clear distribution going on in the major averages. Over the past two days we've seen the Dow Jones, Nasdaq and S&P 500 drop well over 3%. Even the leading stocks and sectors are starting to rollover.

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