Blog
Education Opportunity
July 20, 2009
Good morning. I am actually on vacation this week but would like to draw your attention to the next scheduled Protected Index Program® Teleconference on Wednesday, July 29th from 6:00pm to 7:30pm Central Time. All you need is a phone and a PC. It is very easy to participate (it is free to participants) but you need to register on PTI’s website at www.PTISecurities.com or by calling Sarah at PTI toll free at 800.821.4968. My brother Dan Haugh will be hosting this session and does a great job explaining the strategies and answering questions. If you have never attended a session that “explains the PIP” I highly recommend it. Talk to you next week!
Different Administration, Same Problems
July 13, 2009
Good morning. Dull and down for the market last week, with the SPY down 1.95, or 2%, to close at 87,96. The onslaught of earnings season continues this week, but the initial earnings report of Alcoa (AA) showing sales down over 40% from last year tells the tale. It’s true that AA has shown some management aggressiveness in cutting costs (and some solid PR in telling everyone what a good job they are doing) so the earnings, although negative, were not as bad as expected.
Entrepreneurial Impossibilities
July 6, 2009
Good morning. Down week for the market as Friday’s poor unemployment numbers spooked what had been a very flat week. The SPY finished at 89.81, down from 91.84 or 2.3% on the week. Friday’s move was actually down 2.7%, as we had been up slightly.
The Ghost of Progress Past
June 29, 2009
Good morning. Very slow week for the market on a weekly basis, but complete with a significant down day on Monday and a large up day on Wednesday. The market continues to move somewhat violently within a range based on whatever news seems to be significant on a given day. On that same theme, the market continues to make news based significant moves, followed by literally hours of very slow and static trading.
Assumptions Going Forward
June 22, 2009
Good morning. First real down week for the market in a while, with the SPY down from 95.08 to 92.04, or 3.2% on the week. A lot of the down move was caused by a correction in the price of commodities, most notably oil. Oil was down over 3% on Friday, and the oil part of the SPY (XLE) was down 8% on the week, from 53.51 to 49.21.