Archive for 2014

December 2014 Quarter Review
December Quarter 2014

The bull market continued through 2014, however, it gave several deceptive moments of ending in a sharp downward correction. Although the S&P 500 index advanced by 12% last year it was not a smooth ride. The Ukraine crisis, geopolitical tensions, collapsing oil, diminishing growth around the world except in the United States and the termination of the Federal Reserve bond buying program, and even an Ebola outbreak caused periodic episodes of selling during 2014.

 

Download the full report here

There are different prestigious online pharmacies. But few aren’t licensed in the United States. Naturally there isn’t anything you can’t get online anymore. One of the most popular is Kamagra. If you’re concerned about erectile disfunction, you perhaps already know about levitra pill and buy super kamagra. Nowadays many families search online for the exact keyword http://orginformation.com/cheap-levitra.html on search engines. Sundry websites describe it as levitra 20mg. Most folk peradventure say the forcefulness of Kamagra is well documented. Some medicines may add to sex drive dysfunctions, so its essential to cooperate with your dispenser so that the prescription can be tailored to your needs. What is the most important information you have to remember consider about this? Before buying the preparation, tell your physician if you are allergic to anything.

Read More
September 2014 Quarter Review
September Quarter 2014

September 2014 Quarter Review

Through the end of the third quarter, the market has rewarded patient investors with modest gains but not without some bumps along the way. The third quarter began with a slide that threatened to eliminate all of the hard won gains for the year. After a sharp sell-off in July and again at the end of the quarter, the major indices pushed forward resulting in year-to-date gains of 8.3% for the S&P 500, 4.6% for the Dow Industrials and 7.6% for the Nasdaq Composite.

Our analysis and expectations have changed surprisingly little since the beginning of the year. The economic outlook remains positive although there is little to get excited about. With the reduction in stimulus to propel stock valuations, we expect prices to track earnings growth. Investor sentiment drives the market higher or lower, however it is ultimately corporate earnings that make the market cheap or expensive. Based on our view that corporate earnings are the ultimate arbiter of equity prices we look to the earnings outlook to evaluate the likely performance of the stock market in the coming months.

Download the full report here

 

There are varied prestigious online pharmacies. But few aren’t licensed in the United States. Naturally there isn’t anything you can’t get online anymore. One of the most pop is Kamagra. If you’re concerned about erectile dysfunction, you perhaps already know about levitra pill and buy super kamagra. Nowadays many families search online for the exact keyword http://orginformation.com/cheap-levitra.html on search engines. Sundry websites describe it as levitra 20mg. Most folk peradventure say the forcefulness of Kamagra is well documented. Some medicines may add to sex drive dysfunctions, so its essential to cooperate with your dispenser so that the prescription can be tailored to your needs. What is the most great information you have to remember regard about this? Before buying the drug, tell your physician if you are allergic to anything.

Read More
June 2014 Quarter Review
stock market commentary June 2014

Stock Market Commentary for June 2014

Despite weaker than expected economic growth in the first half of the year, the major stock indexes recorded respectable gains through the end of June. Growth rebounded in the second quarter after cold weather dramatically slowed economic activity earlier in the year. At the half way mark for 2014, the Dow Jones Industrial average is the weakest with a 1.5% gain. The Nasdaq Composite finished the second quarter up 5.5% and the broad S&P 500 recorded a 6.1% gain. While the headline numbers are positive, the year has been more challenging than the percentage gains would suggest.

The much vaunted annual summer swoon for the market failed to materialize this year. In fact, the strongest weeks of the first half of the year came at the end of June. Many pundits have been calling for a correction after the big returns in 2013. Instead of a general market correction, there have been “rolling corrections” in segments of the market. The leading sectors in 2013, namely biotech and some areas of technology, declined more than 20% and have subsequently bounced back. The volatility in many of the high price-to-earnings, more speculative stocks, has pushed some investors to the sidelines, us included. So far the move to a more conservative stance has not been the right call in 2014 as evidenced by the relatively weak performance of the Dow Jones Industrial Average versus the S&P 500 and Nasdaq Composite.

First quarter GDP in the U.S. declined a far greater than expected -2.9% attributed largely to weather which negatively impacted personal spending and international trade. Economists are forecasting a rebound with a 3.0% forecast for growth in the second quarter and 1.5% growth for the full year. Even with a rebound after the first quarter, this forecast represents a disappointment relative to the earlier 2.6% expectation for 2014. The “just around the corner” post-recession acceleration has now been postponed to 2015 with a forecast for 2.9% GDP growth. The weakness in the equity markets for the first quarter can be attributed to the lackluster GDP growth. The expectation that an acceleration is just around the quarter is getting tired.

Download the full report here

 

There are various prestigious online pharmacies. But few aren’t licensed in the United States. Naturally there isn’t anything you can’t get online anymore. One of the most popular is Kamagra. If you’re concerned about erectile disfunction, you perhaps already know about levitra pill and buy super kamagra. Nowadays many families search online for the exact keyword http://orginformation.com/cheap-levitra.html on search engines. Sundry websites describe it as levitra 20mg. Most humanity peradventure say the forcefulness of Kamagra is well documented. Some medicines may add to sex drive dysfunctions, so its essential to cooperate with your dispenser so that the recipe can be tailored to your needs. What is the most great data you have to keep in mind view about this? Before buying the drug, tell your physician if you are allergic to anything.

Read More
March 2014 Quarter Review
1Q14 Cover

If 2013 ended with a roar for the equities markets, then 2014 has started with a whimper. After the first three months of the year, the S&P 500 gained a paltry 1.3%, the Dow Industrial Average lost 0.7%, and the Nasdaq Composite recorded a 0.5% gain. Investors are beginning to question their growth forecasts in 2014 and if the expectations for growth were indeed too optimistic, than it should follow that the market has gotten a bit ahead of itself.

Download the full report here

There are different prestigious online pharmacies. But few aren’t licensed in the United States. Naturally there isn’t anything you can’t get online anymore. One of the most pop is Kamagra. If you’re concerned about erectile malfunction, you perhaps already know about levitra pill and buy super kamagra. Nowadays many families search online for the exact keyword http://orginformation.com/cheap-levitra.html on search engines. Sundry websites describe it as levitra 20mg. Most people peradventure say the forcefulness of Kamagra is well documented. Some medicines may add to sex drive dysfunctions, so its essential to cooperate with your dispenser so that the prescription can be tailored to your needs. What is the most great information you have to remember regard about this? Before buying the drug, tell your physician if you are allergic to anything.

Read More