Earnings and round numbers

Both Intel (last night) and JP Morgan have reported earnings which exceeded investor’s muted expectations and have propelled the market higher this morning. Abbott Labs too exceeded expectations and many are thinking the market will cross 10,000 during the course of trading today.
Yippee!- Slow down there a bit. Its just a number and we would not be surprised if it hit against that ceiling and retreated (the market does that with round numbers).
“What should an investor do? Should an investor alter his 401k? Become more aggressive ? Less aggressive?” If you read our posts, you will realize that we believe in asset allocation and also that investors should know themselves and their objectives, their return expectations and risk tolerance.

Solid companies are still reasonably valued - check our top holdings or better yet call us and schedule an appointment

This entry was posted on Wednesday, October 14th, 2009 at 8:04 am and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.