August 24, 2009
LAST CHANCE TO REGISTER, FOLKS! If you’re a trader or investor in the Chicago area and you’ve never attended a complimentary Protected Index Program® Seminar before, register for our Saturday August 29th 3-hour session from 9:00am – noon at our Loop Office. My brother Dan and I will be discussing how our long-term portfolio strategy works and answering your questions. You will also meet some of our talented staff and enjoy a free breakfast and coffee bar. All handouts and classroom materials will be provided, but you must register.
And, if you cannot attend a Chicago seminar, I encourage you to register for the 90-Minute PIP Teleconference on Wednesday, September 9th from 6:00pm – 7:30pm Central Time – get details here. There is no cost for this session, either! All you need to join in is a phone and PC — participate from anywhere in the U.S. – from your home or office!
Good morning. The market was back in the plus column last week, despite a deep sell-off to start the week last Monday. For the week the SPY was up 2.18, or 2.2%, to close at 102.97, a number not seen since last October 6. The VIX was actually up slightly for the week, finishing up.74 to close at 25.01.
May 18, 2009
Good morning. The market had its first losing week in a while last week, but not horrible. The SPY was down 4.27 on the week, from 92.98 to 88.71, leaving it down 4.5% on the week and 1.7% on the year. Some of the sell-off last week was due to a huge supply of new issues, as many of the large banks and some others went out to raise new capital. The good news is that most were able to find new sources of capital at these levels, so at a lower level the market is still performing its main function, providing capital to those firms in need.