The Little Engine That Could...but Does Anyone Care?

PRLog (Press Release) - Mar 19, 2010 -
Keith Springer Investment Advisor of Capital Financial Advisory Services in Sacramento California releases his weekly Expert Commentary

The little engine that could...but does anyone care?

SACRAMENTO, Calif. Mar. 18, 2010 – Keith Springer, Sacramento’s financial expert at Capital Financial Advisory Services announces the release of his weekly Critical Economic and Market Update Newsletter discussing current Market trends.

“The market has been making new highs of late and investors are treating it with a collective yawn of indifference,” Springer says. “Regardless of the advance of the last year, fear and mistrust continue to take permeate. It feels like investors have been stubbornly ignoring the reality in the hopes that the market behaves the same as feelings... dismal. This is actually to be expected given the drubbing investors have taken over the last decade. Even more interesting is that this is quite typical of early bull market moves which are typically met with:
•   Disbelief: (nothing has changed, the fundamentals are terrible, sales are down, earnings are tanking, etc.)
•   Skepticism: (rally has gone too far too fast, need to wait to see a change in real sales, etc.)
•   Waiting for a pullback: (okay it looks like things are turning around, but prices will pull back and I will get back in, etc.)”

“Even with a one-year rally of almost historical proportions, investors remain in a very skeptical market,” Springer continues. “Tremendous amounts of cash remain on the sidelines. The percentage of bullish advisors remains less than 50%. Cash is still pouring into bond funds yielding single digit returns. The economic #'s are most definitely improving. Not dramatically, but improving none the less. The leading indicators recently reached a level of 107.5, (a 50 year high), the purchasing managers index 56.5 (any # over 50 is a welcome sign of expansion) and most importantly banks are lending again.”

Check out the full article including: “The Reason the Stock Market Can Rise While the Economy Languishes” and “Market Strategy-How to profit today and prepare for the next crash” at http://www.keithspringer.com/weekly-commentary-031810.htm, email Keith@KeithSpringer.com or call (916) 925-8900

Keith Springer is an SEC Registered Investment Advisor who frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.