August 18, 2010
We are enjoying a nice breather today with the stock market snapping a 5-day losing streak, up over 150 points as I write this. Apparently the solons of the Street have changed their previous view that it's the end of the world. Fears of deflation were banished this morning by reports of rising industrial production.
I continue to see signs of a better economy by examining corporate earnings reports. Bonds are doing well for investors, but when bonds are broadly preferred to stocks, you really want to look at the stock market. That's where the money will be made in the next cycle.
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).