The Kirk Report |
Posted: 06 Feb 2009 03:56 PM CST After the worst January ever for the market, hope returned this week that Obama & Congress will soon fly to the rescue. This week the S&P 500 gained +5.17%, Dow +3.50%, Nasdaq +7.81%, and the Russell 2000 +6.12. To win big this week you needed to be long the market and especially technology (like semiconductors), basic materials (like steel), home construction, and metals & mining. It would also be helpful to be long both China & Brazil. Monday certainly points to an interesting day as bailouts and stimulus are revealed. Clearly, the market seems to think that good things are ahead while the skeptics will be looking for another sell the news reaction to unfold yet again while you already know my view. Have a great weekend! |
Posted: 06 Feb 2009 01:40 PM CST
This is a members' only post. To read, please login. |
Posted: 06 Feb 2009 07:53 AM CST
Beyond the fixation on today's employment data, corporate headlines are relatively light this morning with continued focus on next week's bank bailout plans. It also appears Congress will try again today to pass their $937 billion dollar stimulus plan. Have a great Friday! |
You are subscribed to email updates from The Kirk Report To stop receiving these emails, you may unsubscribe now. | Email Delivery powered by FeedBurner |
Inbox too full? | |
If you prefer to unsubscribe via postal mail, write to: The Kirk Report, c/o FeedBurner, 20 W Kinzie, 9th Floor, Chicago IL USA 60610 |
0 comments:
Post a Comment