Friday, August 6, 2010

Market Update

The bears are out in droves again. CNBC is just loaded with "experts" calling the end of the summer rally. Our computer programs say this is the low point for a continued rally. The earnings have been great with 75% of S&P500 companies exceeding estimates. The economists are still negative. I have personally seen signs of a recovery in housing as builders have re-started new homes in desolate, left for dead projects. Jobs are growing. Our sources (recruiters) are telling us the market is getting busy. We are bullish here.

P.S. We thought the jobs numbers were surprisingly good. (The media hated them )