The dreaded sequestration went into effect on Friday, and the market continues to be nervous about how it will play out.  Market sentiment seems to be that Congress will do little or nothing this month as the first effects of the budget have been relatively mild, like the cancelation of air shows by the U.S. Navy Blue Angels and the U.S. Air Force Thunderbirds. That attitude is likely to change as sequestration cuts begin to affect more sensitive areas like school funding and Medicare. The bottom line is, either Congress and the President will start learning how to play together for the good of the country, or the automatic budget cuts will take effect which will send ripples if not major quakes through the entire economy. Read more about What the Market Wants: An adult-minded Congress, a modicum of leadership, and an end to manufactured crises!

"I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road.” --Stephen Hawking Read more about ETF Periscope: Wall Street Banks on Greek Order, But Volatility Continues to Lurk

daniel / Tag: DJIA, Dow Jones Industrial Average, Eurozone, EWG, EWI, EWP, S&P 500, SPX, VIX, VXX / 0 Comments

The S&P 500 closed today at 1309, down well over 1%. The NASDAQ closed down nearly 2%.  In light of relative valuations and current global prospects for the past six months, the question begs an answer: Why?  Let’s begin with an overview of the results of the past week. Read more about What the Market Wants: Why Oh Why Don't You Rebound?

 

The market was on quite a run for the first quarter of 2012. Sabrient's list of top stocks for 2012, the Baker's Dozen, was up over +20% at one point this year. Following the recent market correction, this portfolio of 13 stocks is now up +7.74%. While significantly lower, its still not a bad number, especially when compared to its benchmark, the S&P 500, up nearly 3% this year. However, it really starts looking good when it's stacked up against top stock lists created by leading financial institutions. Read more about The 2012 Baker's Dozen Shows Resilience, Beats Top Financial Firms