The debate rages between those that think that the economy will dip back into recession (double dip) versus those that think the U.S. economy is entering a “soft patch” that will nonetheless still result in modest GDP growth. Yesterday, with the Dow up nearly 300 points, the “soft patchers” won out. Despite this move upward, we believe the debate is not over which in turn will continue to result in a choppy stock market. That said, with stocks trading at less than eleven times projected calendar year 2011 earnings, we would add to positions during the periods when the “double dippers” look like they’re winning out.
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Double Dip vs. Soft Patch
Thursday, July 8th, 2010
| « Make up yer mind | Commentary for July 12, 2010 » |
| « Make up yer mind | Commentary for July 12, 2010 » |
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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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