Tuesday, June 13th, 2006
Fundamentals don’t count in sell offs
Investors Business Daily reminds us in this article that the earnings outlook remains strong for US stocks, despite international concerns about inflation and rising interest rates. According to Thomson Financial, S&P500 stocks are likely to generate a 11.2 per cent rise in second-quarter profits. But as Dr Wish points out, tech and growth stocks are being decimated. In big sell offs such as these fundamentals matter little and defensive strategies are warranted.
Word Count: 72. This entry was posted on Tuesday, June 13th, 2006 at 7:34 pm and is filed under Market direction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
