Commentary for June 28, 2010
Monday, June 28th, 2010
Stocks continue to trade in a range from around Dow 9,850 to 10,400 as investors weigh bullish numbers from corporations, consumer sentiment and the emerging market economies versus secular regulation as well as a weak housing and labor market. The result is choppy, somewhat sideways trading that should persist for the remainder of the Summer. What to do? Be patient and look for opportunities. This is what we have been stating for calendar year 2010 and thus far, have been spot on.
Regarding bonds, again look for opportunities. We believe that interest rate moves up will be gradual.
Any specific stocks named in this presentation may not be representative
of current or future investments in the portfolio to which they belong.
You should not assume that investments in the securities identified
were or will be profitable. We will furnish, upon your request,
a list of all securities purchased, sold, or held in the portfolio
during the twelve months preceding the date of this presentation.
Please note that all data is for general information purposes only and
not meant as specific recommendations. The opinions of the authors are not a
recommendation to buy or sell the stock, bond market or any security
contained therein. Securities contain risks and fluctuations in
principal will occur. Research any investment thoroughly prior to
committing money or consult with your financial advisor. Please note that
Fagan Associates, Inc or related persons buy or sell for itself securities
that it also recommends to clients. Consult with your financial advisor
prior to making any changes to your portfolio.
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