Not only will the earning's environment get better later this year and going into 2010 because of easy year-over-year comparisons, but you're going to get an avalanche of good news just from the economic data. You'll have things like retail sales that were up over 8% in a month...
Something strange is happening. In the Russell 1000 Growth, only 158 stocks are above 10 billion market cap. So, when you look at the Russell 1000 Growth, you find that some of the stocks that are leading the index are things like Green Mountain Coffee...
In our July Market Outlook piece, we talked about stocks versus bonds and why we did that is there are a lot of articles from the Wall Street Journal, from MarketWatch, from Forbes that are all citing how corporate bonds did better in the first half of the year...
Something odd is happening. Foreign capital is fleeing the United States since January. January saw big outflows. The latest statistics through May reconfirmed that foreign capital is continuing to flee the United States...
The earnings outlook is still poor for the second quarter. The S&P 500 earnings were supposed to be down 16.9%, but to be candid with you, they won't be that bad. They'll probably be down 12% or so and the analysts are very, very cautious, so they've been under-estimating the earnings out there...