Market Update!

Admittedly, equity markets around the world have not moved in the way we've predicted thus far.  Having said that, we still believe there will be yet another major pullback sometime during winter.  Our 'pullback' call may simply be too early.  However, market data simply does not point to a stronger and continuously increasing equity market.  The Fed is now stepping in to follow through on 'quantitative easing' through treasury purchases, but please ask yourself this question, "Why does the Fed need to step in with such a drastic measure?"  The answer is that they see trouble and believe its necessary to step in in such an extreme way.  Will it work?  Who knows? But gridlock in the legislative branch has certainly helped the most recent 300 point jump on the Dow.  We again, admittedly, did not see shift in political changes occurring the way they did.  Only time will tell how the market moves from here on out, but Its increasingly difficult to see equity markets moving significantly higher from these levels unless employment starts coming down through sustainable jobs offered by the private sector and inflation remains at bay.  That said, we still see great opportunities in the US markets (even at current levels) and would pleased to spell out in detail where we see them.  Please join or follow us at NP Fisher to find out where those opportunities are and why they are there.