Business
July_11th_2012(1).mp3 High Road, Low Road The S&P 500 stock index has doubled from the lows set in 2009. Fear and bearish forecasts still surrounded equity markets. We are currently within 2% of 2011 highs high and 5.6% off our 2012 high. S&P 500 Index (Click For Larger Picture) European woes and Global debt concerns, continue to plaque equity markets. News media and many market pundits remain negative. Pessimism is rampant, the fiscal cliff, the U.S. debt ceiling, Chinese accounting, Russian corruption, U.S. political impasse, Arab spring implosion, Bank reforms and Iran. The S&P 500 Index which has had a series of higher highs and higher lows currently 1,343.41 trapped between near term support of 1287.62 and resistance of 1440.22. A challenge of the all time high on the S&P 500 (1576.59) is inline with the wider uptrend of 1563.55. Current drift needs energy, volumes are low and confidence is non existent. Despite the pattern of higher highs and lower lows there is little reason to expect a positive outcome but with low interest rates and high cash holdings it remains a likely possibility latter this year. 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.