"We're not trying to push financial reform because we begrudge success that's fairly earned.
I mean, I do think at a certain point you've made enough money.
But, you know, part of the American way is, you know, you can just keep on making it if you're providing a good product or providing good service.
We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy."
~ Your Teleprompter on Wall Street reform, Quincy, Ill., April 29, 2010
The Professional Opinion
LEI - Leading Economic Indicators: Increased .1% in July. Is entering a 'slower growth trajectory'.
Economic Growth - Not improving anytime soon with weak housing numbers and high unemployment. Real GDP growth grew at an average rate of 2.7% during the first six months of the year.
Leading Economic Index Indicators:
Up: Interest Rate Spread, Vendor Performance, Avg Weekly Manuf Hrs, Avg Unemployment Claims, New orders on non-defence goods.
Down: Consumer Expectation Index, building permits, real money supply and stock prices.
Coincident Economic Index - Rose .2% in July.
Up: Industrial Production, Personal Income, Manufacturing and Trade Sales..
Down: The number of employees on non-farm agrictultural related payrolls.
4 Week Average Jobless Claims: Stubbornly High - Teleprompters are not the answer to job growth.
Industrial Production: Up and helped out by GM keeping most of its procuction facilities going.
Business Equipment: Up 1.8% in July. Computers and electronics rose 1.1% . Industry leaders predicted a 'Modest Recovery.'
Housing: Not good, although the average median price for home sales has risen .7% to $182,000 and change.
Inflation: None on the horizon.
A reminder that every mid-term off-presidential year correction over the past 50 years has prodced a rally in the S&P 500 index of at least 27%, making a range of 1275 to 1325 not out of the ball park.
Assuming you wish to take on market risk, stay fully invested and buy on the dips.
Suncor (SU) when you can get it under $33.00 a share.
Comment: I have found that with this stock and a beta of somewhere around 1.7, Suncor makes for a better trading stock than a buy and hold stock. You just need a little patience.
So How have Bob's Funds been doing since 2005?
This is another reason why I think one could do better with a portfolio of stocks.
|You know you're having a bad day when not even the goats are interested.|