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Weekly Market Commentary

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Third quarter trading came to a close Friday, and for the eighth time in the last nine quarters, the Dow Jones 30 showed a positive return, adding 3.6%. The tech heavy Nasdaq gained 3.8%, as Apple and Google have both led the latest rally; while the S+P 500 picked up a mere 1.6%. Still, the quarter was the ninth gain out of the last ten quarters for both the S+P and the OTC market.

Things weren’t so rosy everywhere though, as the Russell 2000 small cap index broke a four quarter string of gains losing 3.4%. Even though the Federal Reserve followed the script and cut interest rates, concern for smaller companies growth prospects always come to the fore when a slowing economy becomes the headline focus.

Positive fourth quarter performance is reminiscent of how the American League has dominated the National League in the annual All-Star Game. For nine consecutive years, the stock market has moved higher in the year’s final frame. Besides nine in a row, it’s been 24 of the past 27 fourth quarters that have seen stocks advance by year end. So, unless you’re an extreme contrarian, it’s probably a good time to hang on to your hat and your stocks.

Even though interest rates are lower, credit markets are still squeaky tight. And while tech stocks have resumed their flight, the Dow Tranports and financial stocks of every flavor have been noticeably absent from all the rally hoopla. With housing having gone from the dog house to the outhouse, it will be intriguing to see whether the consumer steps up to the plate for the Holiday Shopping Season. IMHO, AMZN will go much lower as I point out in http://www.mystockwinners.com/high-pe-ratio-amzn-get-ready-for-the-fall/

However, it is almost a sure win to buy Chinese Stock which is regulated by USA rules, such as http://www.mystockwinners.com/china-stock-watch-vcdyob/
(Note: stock symbol has recently changed to chri.ob see more here http://finance.yahoo.com/q?s=CHRI.OB )

Best of Luck on the coming week!
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Posted in Weekly Market Commentary on October 1st, 2007

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4 Responses to “Weekly Market Commentary”

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