The three market indicators, DJIA, S & P 500 Index & NASDAQ, all up over 2% today, September 1st, so what’s the problem?
There may not be a problem, however, I do want to point out two things:
1. The month of September has been the worst performing month for the stock market since the 1930′s,
2. I want to remind people that Intel (INTC) recently missed their earnings and lowered their expectations for the future, and this may be a theme we hear more of over the next few weeks from Corporate America.
One reason the market is up today has to do with China and India showing good growth, however, when did the U.S. markets rely on China and India to lead us out of a recession? The U.S. used to be the lead country when it comes to growth around the world, and now it appears China’s growth is extremely important for the U.S. to determine an economic turnaround.
As the Global economy continues to evolve, not even the “Great” Warren Buffet knows how to analyze China’s growth and how that impacts the U.S. coming out of a recession. We will all learn over the next several years how a Global economy truly changes the peaks and valley’s of the U.S. economy and stock market performance.
Stay tuned, September should be a real interesting month for the stock market. In 2010, the market has increased from positive corporate earnings and declined based on economic data, however, with Intel’s recent news, I think we may be in for a real rough month of September and early October.
If you would like me to review your portfolio, have me give you a second opinion on your investments or hire me to be your Financial Advisor/Portfolio Manager, please email me at JimWigen@WHIFinancial.com. Continue to check my website for updates on stocks I am buying and selling for my clients.
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Jim has worked as a Portfolio Manager & Financial Advisor since 1996. In May 2005, Jim founded WHI Financial Services, LLC, WHIFinancial.com, a Registered Investment Advisory firm, with headquarters in Texas. His primary focus is on portfolio management, financial & retirement planning, and financial advisory & insurance services. Jim manages investment portfolios & advises individuals, small to mid-size companies, and non-profit organizations on a variety of financial and business issues.
Prior to founding WHI Financial Services, LLC, Jim worked as a portfolio manager & financial advisor for two international investment firms. From 2001 to 2005, Jim worked with Prudential Securities (merger with Wachovia Securities, now Wells Fargo Financial Advisors), and from 1996 to 2001, he was working with Merrill Lynch. While working with both Wachovia Securities and Merrill Lynch, Jim enjoyed dual responsibilities as a portfolio manager, financial advisor and leader of the Professional Development Program.
Jim's responsibilities as leader of the Professional Development Program included, recruiting, interviewing, training, and overseeing the daily operations of all financial advisors involved in the Professional Development Program. Jim was responsible for managing between 10-20 advisors, while still managing his own client investment accounts.
In addition to his experience in the financial services area, Jim has been involved in several start-up companies. Jim's Philanthropic work includes serving as President/Treasurer of a private foundation established to provide non-profit organizations financial assistance, and Chairman/President of the Believe In Your Dreams Foundation. In 2007, Jim established the Believe In Your Dreams Foundation, a 501(c)3 organization, to help individuals who are suffering from life-altering circumstances beyond their control.
Jim has taught investment, insurance, and credit repair classes through continuing education at universities in CA & TX since 1997. Jim attended the University of Minnesota where his focus was Management & Marketing.
Jim has recently written two books, one called "Your Financial Lifecycle" a book which describes several key investment topics everyone will face throughout their life, and a book titled, "The Truth about Your Credit Score", which defines how credit scores are calculated and how you can increase your credit score, including templates which you can use to send to creditors.
Jim's books can be purchased on Amazon.com, via Author search, or by emailing him directly at JimWigen@GetWealthyStayWealthy.com.
In the Fall of 2011, Jim will be starting his radio show called, The Jim Wigen Show, Teaching You to Get Wealthy & Stay Wealthy. You can hear his shows through streaming audio by visiting JimWigen.com.
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