Tuesday, April 27, 2010

Barrons Market Week

This was from the cover of Barron's magazine in their Market Week Section.  I didn't see it on line so I can't link to it.

"The Lehman Gap has been filled.  The S&P 500 has recouped most of the losses from the meltdown phase of the bear market-when the failure of Lehman, the rescue of AIG and the initial defeat of a bailout bill turned a ho-hum recessionary bear market into a cataclysm.  Now what?  Sure the share of Netflix and Chipotle Mexican Grill rose more than 10% in a day on strong earnings.  But can better news from consumers drive stocks still higher?  When investor sentiment is that cheerful, look out:  Stocks may be ready to rest or retrench."

Source:  Barrons Market Week.  Page M1. April 26, 2010.

*Long ETFs related to the S&P 500 in client accounts.  Netflix and Chipotle Mexican Grill are securities within certain ETFs in which we have positions for clients but we do not directly own these securities in any client or personal account.