BACK TO WHERE WE WERE

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Market Watch with Tom Waitt

Business


August_22nd_2012.mp3 Back To Where We Were    Back to where we were. The housing market which was a key factor in the economic melt down has stabilized and is up 10.4% year over year.   Existing Home Sales (Click For Larger Picture) Over the last month we have seen the yield on U.S. treasury notes move up 50 basis points. An upward move of a ½ % could slow the recovery or may be the catalyst to encourage a surge of buying as rates show a bottom. Currently bullish sentiment is low despite equities challenging recent highs. The bullish sentiment is not as important as confidence which has been lacking with the recent melt up. Without confidence even the simplest accomplishments are beyond ones grasp. With many investors at current extremes contrary opinion is important; historically turning points come at these levels. There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the 'Unique Perspective' form on the Contact page, or by calling at 1-204-982-0633. Before trading, please contact an investment professional.