The Week That Was
Friday August 20, 2010
The Week That Was
Friday August 13, 2010The Week That Was
Friday August 06, 2010The Week That Was
Friday July 09, 2010The markets concluded their best week of 2010, with the Dow up 5.3%, the S&P 500 up 4%, and the Nasdaq was up over 3%. This week almost nullified the fear-driven drop of last week. So why the change of heart in the investing world? With next week beginning the the second quarter earnings silly season, what we are seeing is the effects of the hope based on corporate fundamentals versus the fear of global macro economic concerns.
The consensus is that corporate earnings will again be strong for the second quarter, but we will all be watching the guidance each company issues for future earnings.
The Week That Was
Tuesday June 01, 2010And what a week it was! Good Friday Everyone,
Today the Dow closed up 1.3%, the S&P 500 up 1.5%, and the Nasdaq up 1.1%, although this week marked a turn in market fortunes as the three indices were down quite a bit overall. After a 3 day battering, the traders of the world certainly viewed today as a "buy on the dips" opportunity. So the question remains: is this the start of a true correction based on fundamentals or has the decline been based more on fear? We here at Bishop tend to lean towards a combination of both, a bit of fundamental decline with a three day helping of fear to speed things along.
