As we approach the Holiday Season and the end of 2008 we invite you to click on the link below and read what POTC had to say about the current financial crisis ten months ago, on 28 February, 2008. We hope you decide that POTC will continue to be your source of forward-looking financial insight in 2009.In the meantime, it is our pleasure to wish one and all a Merry Christmas and a Happy Hanukkah. We will e-mail all subscribers when we resume activity in the next week or two.
Friday, December 19, 2008
Monday, December 8, 2008
As POTC predicted, Wall Street rallied big after President-elect Obama's Infrastructure Plan, but we now urge caution. Our reading of the market and looming malaise in Europe has POTC expecting a reversal to test October lows sooner than most believe. "NEW YORK – A stock market gaining in confidence shot higher for a second straight session Monday as investors bet that President-elect Barack Obama's plans to increase spending on public works projects will help lift the economy back to health. The major market indexes jumped more than 3 percent, and the Dow Jones industrials' nearly 300 point advance gave the blue chips their highest close in a month." http://news.yahoo.com/s/ap/20081208/ap_on_bi_st_ma_re/wall_street
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