Market Update 03/11 – 07/11
There’s another 5 days left for all 3Q14 earnings to be announced, needless to say its been a busy period. The market has been wobbling for a few reasons 1) 3Q14 have come out looking average at best, if not downright awful for some sectors 2) Everything appears to be priced in for the good times from infrastructure spending and a rebound in consumer spending (though both are 2-3 years away) 3) The year is over essentially, I wouldn’t be surprised to see more profit taking, although incoming LTF’s and RMFs should keep the market at these levels.