President of Springer Financial Advisors in California Keith Springer Quoted in CNN Money Article

Oct. 22, 2010 - PRLog -- President of Springer Financial Advisors in Sacramento California Keith Springer Quoted in CNN Money Article

Earnings: So far, so very good

SACRAMENTO, Calif. Oct. 21, 2010 – Keith Springer discusses the effects of the economy on companies and on the job market.

According to Paul R. La Monica of CNN Money’s The Buzz, “If companies are finally getting more of a lift from real sales, it could be a sign that things are slowly but surely turning around. Of course, it's not that simple though.”

Keith Springer, president of Sacramento, California-based Springer Financial Advisors, noted that it's not just an increase in demand that's helping to boost sales and profits for large companies.

Springer said companies with strong balance sheets have been taking advantage of their healthy cash positions to make acquisitions that can further boost growth prospects.

"Big companies are picking up larger pieces of the market," Springer said. "The rich are getting richer. That's going to continue."

But Springer added that as long as the U.S. economy remains tepid, companies are unlikely to hire more workers. Many have already proven that they can earn big profits without needing to hire back staff.

"Earnings are going to be good and you will probably see the market continue to rally," he said. "But it's still going to be a jobless recovery."


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

About Springer Financial Advisors: Keith Springer is President of Springer Financial Advisors, 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.