Keith Springer, Quoted in The NY Times

July 23, 2010 - PRLog -- Keith Springer President of Capital Financial Advisory Services in Sacramento California Quoted in The NY Times

Instant View: IBM And TI's Revenues Fail to Impress

SACRAMENTO, Calif. July 19, 2010 – Keith Springer discusses the type of market investors are currently facing after poor earnings reports for technology sectors.

According to the NY Times, Reuters reports, “IBM's quarterly revenue missed Wall Street's expectations as a weaker euro hurt overseas sales, although firm growth in the company's higher-margin services and software units bolstered profit.”

Keith Springer, President of Capital Financial Advisory Services in Sacramento, California explains, "It's all about top-line and what have you done for me lately. This is a kind of market that doesn't care about yesterday or even today. People are worried about what will happen tomorrow.

"These earnings,” Springer continues, “are not justifying the stock market to rise another 10, 20 to 30 percent from current levels. The market is taking a negative view even though the earnings are pretty good.

"This is going to hurt across the board because technology has been the leader in this rally," Springer warns.

To view more media interviews visit www.KeithSpringer.com and click the “Keith in the Media” link, email Keith@KeithSpringer.com or call (916) 925-8900

Keith Springer, President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, 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.

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Keith Springer presedent of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm.He has successfully built tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.