Blog
Where Is Our Adult Supervision?
June 15, 2009
Good morning. Last week the market continued to advance, but at a very reduced rate. The SPY finished the week at 95.08, up from 94.55 or .05%, and is now up 5.3% from the 2008 close of 90.29. Rising commodity prices, especially oil, and a series of economic numbers that are showing generally a decreasing rate of deterioration seem to be fueling the rally.
Education Opportunities
June 8, 2009
Good morning. In lieu of an article this morning, I would like to draw your attention to the learning opportunities we are offering this month. Learn about how we manage portfolios via the Protected Index Program®: attend a seminar OR teleconference. Both sessions are complimentary, but you must register.
General Motors
June 1, 2009
Good morning. A powerful advance last week in the market, with the S&P running Friday on the close to finish up 3.9% on the week, moving from 89.02 to 92.53. Continual upward moves in oil and other commodities are fueling the rally, as evidenced by the XLE being up 6.3% for the four-day week. Depending on your point of view, the increase in oil prices is an indication of a start to the recovery or an amazing example of the power of OPEC and the oil companies to hoard and store oil for the purpose of driving up prices.
Diversification Is Not Enough
May 27, 2009
My brother, Dan Haugh (President of PTI Securities) just had an article published in the 2009 June Issue of Stocks, Futures, Options (SFO) Magazine entitled Diversification Is Not Enough.
Read it here: http://www.sfomag.com/article.aspx?ID=1363&issueID=c
Do you agree with this theory of investment? Your comments and thoughts are welcome.
Also, FYI – PTI Securities will be hosting another complimentary 3-Hour Protected Index Program Seminar on Saturday, June 20th, 2009 from 9:00am – 12:00pm at PTI’s Downtown Chicago Office. Dan and I will be outlining the strategies of our successful managed money program. For details and to register visit www.PTISecurities.com/PIPclass.htm – I hope to see you there!
The “Knowing History” Approach
May 26, 2009
Good morning. Another in a string of very odd weeks for the market, as a huge up move on Monday of 2.8% in the SPY (235 Dow points), continuing to a high of 92.80 on Wednesday (4.6%) gradually eroded and finished with the SPY up only .31, or .3%. The Dow gave up 227 points of Monday’s strong move as the week wore on, finishing off 315 points from the Wednesday high.