Well, with last weeks disappointing job number, 5 weeks of a falling stock market, and corporate america continuing to rake in the profits, there is plenty of divergence in how to look at the current economic situation in the U.S. Certainly, the doomsdayers are out in force with the last jobs number being awful (only 54K jobs created, we need well north of 200K per month), housing still in the tank, and plenty of industries struggling with regulatory uncertainty. However, usually, the summer does slow down so I wouldn't think we will have another recession just yet- although you would not know if from the schizophrenics on Wall Street, just my opinion so take it with a grain of salt, here is the summary of the jobs report:
http://www.bloomberg.com/news/2011-06-05/slowing-u-s-growth-prompts-optimists-to-question-durability-of-recovery.html
Great stories on the growth of social gaming company Moshi Masters (yes, I said growth) and the unbelievable numbers of Apple users, across all spectrums:
http://techcrunch.com/2011/06/05/moshi-monsters-the-social-networking-game-for-kids-passes-the-50-million-users-mark/
http://techcrunch.com/2011/06/06/apple-15-billion-songs-sold-130-million-books-14-billion-apps-downloaded/
Here is a great example of why citizens in the U.S. have no faith in our politicians- so difficult to trust government about anything:
http://www.nytimes.com/2011/06/07/business/07derivatives.html?_r=1&hp
As always, on any company mentioned here, past performance is not a guarantee of future returns. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.
Yale Bock, CFA
President, Y H & C Investments
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