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Special Market Commentary
Updated 12/22/09
 
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Market Update

Modest Move As Bulls Try to Find Groove
As of 2/8/10 1:15 PM ET

The bulls are trying to get back on track after starting the year off in lackluster fashion, marred by festering sovereign debt fears out of Europe and the absence of the emergence of a new economic catalyst to suggest the economic recovery will continue. Stocks are slightly higher today but conviction is lacking as there are no major economic reports released and equity news is relatively light. Treasuries remain slightly lower in afternoon action. In equity news, CVS Caremark reported better-than-expected earnings but its revenues came in light, while Hasbro announced earnings that easily topped analysts’ forecasts. Also, troubled commercial lender CIT Group announced former Merrill Lynch CEO John Thain as their new leader, and Toyota Motor Corp is reportedly set to be close to announcing a recall of it new Prius hybrid vehicles. Overseas, Europe overcame modest pressure and was higher.

 

 

 

 

Schwab Center For Financial Research
Market Analysis Group

© 2009 Charles Schwab & Co., Inc., Member SIPC. All rights reserved. Schwab Center for Financial Research ("SCFR") is a division of Charles Schwab & Co., Inc. The information contained herein is obtained from third-party sources and believed to be reliable, but its accuracy or completeness is not guaranteed. This report is for informational purposes only and is not a solicitation, or a recommendation that any particular investor should purchase or sell any particular security. The investment information mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinions are subject to change without notice in reaction to shifting market conditions.



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.Fred Endris

This information is intended for clients of Endris Financial Services only and is valid only where Advisor is currently licensed.  This information is NOT a recommendation to buy or sell securities.  Any quoted returns are for past performance only and are not an indication of future performance.  References to returns of the market indexes is presumed to be accurate from an outside source, but is not guaranteed to be accurate. Opinions expressed by the author are dated  and may no longer reflect the author's current position.