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As the market seems to be climbing back from the Armageddon that we faced in March, investors are finally working through the classic stages of grief. It would appear to us that we have passed denial and have moved to blame. Investors want to know why the supposed safety of diversification did not protect their assets [...] Well it is finally here. We have been hearing how important this earnings season is for the past three months. As if this earnings season is so much more important than last earnings season or next earnings season. We are long term investors. Swings in quarterly earnings do not drive [...] The lion’s share of media coverage on the dollar has been spent lamenting about its weakness and the negative effects that has. However, like a United States coin, there are two sides to every story. The news has already communicated the “tails” side of the coin; I’d like to highlight the less publicized “heads” [...] The bond market is out of synch with the stock market. Normally, if sustained economic recovery is a strong likelihood (which is what has driven the stock market higher since mid May), the yields on 5 to 30 year US Treasury bonds start to rise as corporations, the US government, and consumer households compete to [...] |
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For Informational Purposes Only. Copyright © 2010 Granite's Edge - All Rights Reserved
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Earnings improvement versus Economic uncertainty…
As we wrote last week, it has been a good couple of weeks for corporate earnings and we are encouraged that things are improving in corporate America. The confusing part for investors is that the market has not exactly done better in response to the improved outlooks at many companies.
We have been through a two [...]