Expect above average volatility over the next few weeks: The recent strong
US stock market was in part due to anticipation of business favorable political
conditions after the midterm election. The sideways market in the last couple
of weeks was in part a "wait and see" about the November 2 elections and the
November 3 Federal Reserve meeting, where QE2 is expected. We may be in the
latter stage of a "buy the rumor, sell the news" market in the shortterm. The
uncertainties are high, and larger than usual daily high and low ranges are
likely.
Disclaimer: Opinions expressed in this material and our disclosed positions
are as of July 5, 2010. Our opinions and positions may change as subsequent
conditions vary. We are a fee-only investment advisor, and are compensated
only by our clients. We do not sell securities, and do not receive any form
of revenue or incentive from any source other than directly from clients. We
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purposes only, and is not personal investment advice to any specific person
for any particular purpose. We utilize information sources that we believe
to be reliable, but do not warrant the accuracy of those sources or our analysis.
Past performance is no guarantee of future performance, and there is no guarantee
that any forecast will come to pass. Do not rely solely on this material when
making an investment decision. Other factors may be important too. Investment
involves risks of loss of capital. Consider seeking professional advice before
implementing your portfolio ideas.
IMPORTANT NOTE: We are a Registered Investment Advisor. We do not sell
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