Commentary for January 19, 2010
Tuesday, January 19th, 2010
Good morning! Stocks look to head a bit lower on selling overnight in the Far East as wel as concerns that “we’ve run too far too fast.” This is evidenced by the negative reaction to solid earnings reports from Intel Corporation this past Thursday evening and J.P. Morgan Friday morning. We’ve witness the repairing of bottom lines at many companies and now investors appear to be wanting some top-line (revenue) growth. We can’t blame them and think that a sideways to slightly downward move from here is probably likely. That said, the correction should be relatively shallow and will most likely present a good buying opportunity.
We’re in the first inning of earnings season so things could change. Watch your investments closely. Time does not dictate portfolio changes, movement in the market or your specific holdings does.
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