I rarely hear a REAL truth about where things are in this country. Most views will begin from a particular political slant, therefore tarnishing the truth. On June 8, 2011, I received from a trusted advisor of mine, the TRUTH of where things are and what is going on. I want to share this with you.
It's simple. In the absence of good data, stocks will go down until we all get to see what earnings are in July. July earnings are 5 weeks away. This means that the path of least resistance for the market is lower until we see whether or not earnings come in where we think they are going to. If we have a bad earnings season…then we will all have to admit that our current political administration not only failed…but put us in a spending hole that will take a huge amount of time to work through.
Bottom line, to save this market, companies better come through in 5 weeks or this sell-off gets even worse. At some point though, as long as earnings don't decline in a big way, the market will get too cheap and we'll have another rally. Earnings are up dramatically from the bottom in Q1 2009.
If we can keep earnings in-line, then we'll make it through this and it's just a summer swoon.
That's the short version.
This is a person that I will gladly put you in touch with for the “Growth” part of your investment solution.
Please remember to Protect first and venture out with what can be lost.
Your Friend and Advisor,
Jay A. Thurlow