Where we have been and where we are. Note that the S&P is still below its highs of 2000 (over 12 years ago) and its 2007 highs (5 years ago).
Today's weakness is due to several lackluster earnings reports (Google, GE and Microsoft among others). We'll see how deep the correction goes but we suspect we will see the recent lows around 1425 on the S&P before we get back to the recent highs.
Welcome to the extended version of the BAM Market Note. We are not bloggers by nature but have had clients and friends inquire about our thoughts on the market in between our newsletters. The number and content of posts will likely be determined by the conditions of the markets and the interests of our readers. We would greatly appreciate your feedback and comments.
No comments:
Post a Comment